The years are 1824 to 1872, with the U.S.
totally in control
as well. Remember, that second central bank expires in 1836, again not to be renewed. Andrew Jackson was elected president and he really, really hated the central bank idea. Something about corruption, speculation, foreign powers profiting off domestic turmoil, a bunch of antiquated ideas like that.
good ol’ andrew, not as fancy as ben, not quite as sad as a dusty george
This time though we didn’t get war a year later, rather a financial crisis in the form of the
Panic of 1837
There were a lot of contributing factors including Jackson’s own well-intentioned but shortsighted idea to require federal payments to be made in gold and silver.