The War of 1812

The end of the War of 1812 brings Jackson into the public eye as a prominent general and the beginning of the market revolution.

The Panic of 1819

The panic caused by excessive land speculation and easy money that converts Jackson to become a believer in hard money as the result of his economic losses during the Panic.

The Second Bank of the United States

The central banking institution responsible for controlling the supply of credit in the United States. Jackson holds it responsible for excessively easy credit and fights Congress to prevent its charter from being renewed.

Paper Money

Also known as fiat currency, paper money represents supplies of gold and silver that back this form of legal tender. However, due to fractional-reserve banking, banks can lend out more paper money than they have gold or silver, which often leads to runs on banks when confidence...