Banking Part I Banking Principles
Banking Part I Banking Principles
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In our eReader you can find the full English version of the book. Read Banking Part I Banking Principles Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Banking Part I Banking Principles
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On the eve of a presidential campaign, it was thought that Jack- son would not dare to veto the bill. The opposing party proposed to make the bank an issue in the campaign. Against the advice of friends, Biddle pressed the mo- tion for renewal and it was passed by both Houses of Congress. To Biddle's surprise Jackson vetoed it. An attempt to pass it over the veto failed. Nothing was left but to take the matter to the polls. Jackson was re- elected by an overwhelming majority.
The bank war conti...nued. Early in 1833, Jackson de- cided to remove the government deposits. Mr. Louis McLane, Secretary of the Treasury, objected and was transferred to the State Department. The new Secre- tary, William J. Duane, refused to withdraw the depos- its and was removed from office. Roger B. Taney was next placed at the head of the Treasury Department, and he began to draw out the deposits and place the gov- ernment funds in certain state banks.
This so weakened the position of the bank that it soon lost its prestige.
What to read after Banking Part I Banking Principles?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Hamilton Institute (U.S.) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the eve of a presidential campaign, it was thought that Jack- son would not dare to veto the bill. The opposing party proposed to make the bank an issue in the campaign. Against the advice of friends, Biddle pressed the mo- tion for renewal and it was passed by both Houses of Congress. To Biddle's surprise Jackson vetoed it. An attempt to pass it over the veto failed. Nothing was left but to take the matter to the polls. Jackson was re- elected by an overwhelming majority.
The bank war conti...nued. Early in 1833, Jackson de- cided to remove the government deposits. Mr. Louis McLane, Secretary of the Treasury, objected and was transferred to the State Department. The new Secre- tary, William J. Duane, refused to withdraw the depos- its and was removed from office. Roger B. Taney was next placed at the head of the Treasury Department, and he began to draw out the deposits and place the gov- ernment funds in certain state banks.
This so weakened the position of the bank that it soon lost its prestige.
What to read after Banking Part I Banking Principles?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Hamilton Institute (U.S.) to read onlineMoreLess
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