What country does South Carolina National Bank of Charleston and Andrew Jackson have in common?
South Carolina National Bank of Charleston One of the most important buildings on South Carolina’s oldest commercial street, the South Carolina National Bank building was built in 1817 as the Office of Discount and Deposit of the Second Bank of the United States. The bank was the only bank equipped to provide international banking services, which enabled the transfer of South Carolina rice and cotton to European markets. President Andrew Jackson later withdrew all government deposits, thereby destroying the bank. In 1836, when the Office of Discount and Deposit was liquidated, the Bank of Charleston purchased the building.
Andrew Johnson Andrew Johnson (December 29, 1808 July 31, 1875) was the 17th President of the United States, serving from 1865 to 1869. Johnson became president as he was vice president at the time of the assassination of Abraham Lincoln. A Democrat who ran with Lincoln on the National Union ticket, Johnson came to office as the Civil War concluded. The new president favored quick restoration of the seceded states to the Union. His plans did not give protection to the former slaves, and he came into conflict with the Republican-dominated Congress, culminating in his impeachment by the House of Representatives. He was acquitted in the Senate by one vote.