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.
John C. Calhoun John Caldwell Calhoun ( ; March 18, 1782March 31, 1850) was an American statesman and political theorist from South Carolina, and the seventh Vice President of the United States from 1825 to 1832. He is remembered for strongly defending slavery and for advancing the concept of minority rights in politics, which he did in the context of defending white Southern interests from perceived Northern threats. He began his political career as a nationalist, modernizer, and proponent of a strong national government and protective tariffs. By the late 1820s, his views reversed and he became a leading proponent of states' rights, limited government, nullification, and opposition to high tariffs—he saw Northern acceptance of these policies as the only way to keep the South in the Union. His beliefs and warnings heavily influenced the South's secession from the Union in 1860–1861.