what did the supreme court rule about the second bank of the united states
Second Bank of the United States By the time of Jackson's inauguration in 1829, the national bank appeared to be on solid footing. The U.S. Supreme Court had affirmed the constitutionality of the bank under McCulloch v. Maryland, the 1819 case which Daniel Webster had argued successfully on its behalf a decade earlier,[62] the U.S. Treasury recognized the useful services it provided, and the American currency was healthy and stable.[63] Public perceptions of the central bank were generally positive.[64][65] The bank first came under attack by the Jackson administration in December 1829, on the grounds that it had failed to produce a stable national currency, and that it lacked constitutional legitimacy.[66][67][68] Both houses of Congress responded with committee investigations and reports affirming the historical precedents for the bank's constitutionality and its pivotal role in furnishing a uniform currency.[69] Jackson rejected these findings, and privately characterized the bank as a corrupt institution, dangerous to American liberties.[70]
Bank War The Bank War refers to the political struggle that developed over the issue of rechartering the Second Bank of the United States (BUS) during the presidency of Andrew Jackson (1829â€“1837). The affair resulted in the destruction of the bank and its replacement by various state banks.