Quote:
Originally Posted by Bideshi
I thought the War of 1812 was over the impressment of American seamen into the British Navy during their war with Napoleon.
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After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791. Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation's capital to Washington D.C. in exchange for southern support for the establishment of a central bank.
George Washington signed the bill creating the First Bank of the United States on April 25, 1791. It was given a 20 year charter.
In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.
The opponents of central banking were not pleased. In 1798, Thomas Jefferson said the following....
"I wish it were possible to obtain a single amendment to our Constitution - taking from the federal government their power of borrowing."
In 1811, the charter of the First Bank of the United States was not renewed.
One year later, the War of 1812 erupted. The British and the Americans were at war once again.
In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.
The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.
In 1816, another central bank was created. The Second Bank of the United States was established and was given a 20 year charter.
Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.
In fact, in 1832, Andrew Jackson's re-election slogan was "JACKSON and NO BANK!"
On July 10th, 1832 President Jackson said the following about the danger of a central bank....
"It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners... is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence... would be more formidable and dangerous than a military power of the enemy."
In 1835, President Jackson completely paid off the U.S. national debt. He is the only U.S. president that has ever been able to accomplish this.
President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.
Richard Lawrence attempted to shoot Andrew Jackson, but he survived. It is alleged that Lawrence said that "wealthy people in Europe" had put him up to it.