The Second National Bank Crisis


The Second National Bank Crisis
Students learn how Andrew Jackson’s Bank War affected Americans, showing both short-term benefits and long-term harm, and how these impacts revealed struggles for farmers, merchants, and workers during the Panic of 1837.

This learning experience is designed for device-enabled classrooms. The teacher guides the lesson, and students use embedded resources, social media skills, and critical thinking skills to actively participate. To get access to a free version of the complete lesson, sign up for an exploros account.

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Here are the teacher pack items for The Second National Bank Crisis:

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Overview

In this experience, students investigate how Andrew Jackson’s Bank War shaped American society and the economy. First, they reflect on why people’s trust in banks is important and consider what happens when that trust is lost. Next, students analyze Jackson’s decision to veto the renewal of the Bank’s charter and evaluate his reasons for opposing it. Then, students examine the short-term and long-term impacts of the Bank War, including the ways different groups, such as farmers, merchants, and workers, were affected. Finally, the Elaborate scene invites students to connect these impacts to the Flour Riot of 1837 and interpret how the anger over rising prices revealed the hardships ordinary Americans faced during the Panic of 1837.

Estimated Duration: 45–60 minutes

Vocabulary Words and Definitions

  • Bank War: the political conflict in the 1830s over whether the United States should keep the Second National Bank
  • credit: the ability to borrow money with a promise to pay it back later
  • dividends: payments made to stockholders from a company’s profits
  • deposits: money placed into a bank for safekeeping or future use
  • negate: to cancel out or make something have no effect
  • riot a violent disturbance by a crowd of people, often in protest or anger
  • Second National Bank: a government-chartered bank created in 1816 to help manage the nation’s money and debts
  • stockholders: people who own shares of a company and may earn profits from it

 

Objectives:

  • Explain the reasons for the Second National Bank Crisis
  • Identify the short and long-term impacts of the Second National Bank Crisis
  • Discuss if the Second National Bank Crisis supports or negates Jackson’s image as the “Common Man’s President.”


Note that the word negate is essential for discussions in the experience, and the discussions are necessary for students to meet the third objective. As you move through the experience, encourage students to use the term directly in their responses so they practice applying it in historical and analytical contexts.


A historical print depicts the Bank of the United States on Third Street in Philadelphia, a large Neoclassical building with a columned portico. In the foreground, there are horse-drawn carriages and several people dressed in 18th-century attire walking on the cobblestone street.

First Bank of the United States in Philadelphia, Pennsylvania in 1799


Banks are an important part of most communities in the United States. People use banks for different financial needs, including depositing money, taking loans, and investing.

Think about the role banks play in people’s lives. Then, answer the discussion questions.


Why is it important for people to trust the banks where they deposit their money?

Post your answer

What might happen if large numbers of people lost trust in the banks they used to protect their money?

Post your answer

After students respond, guide the conversation toward the idea that banks depend on public trust to function. Emphasize that deposits are not simply stored away but are used in ways that connect to the larger economy. When confidence in banks is questioned, it can affect both individuals and communities. Encourage students to compare their ideas, highlight connections between responses, and consider how the questions build on one another. The first invites students to think about why trust is necessary, while the second pushes them to extend their thinking to the possible outcomes if that trust breaks down. This reflection helps students see the broader role banks play in society and prepares them to explore the impacts of the Bank Crisis in later scenes.


In this experience, you will learn how Andrew Jackson’s battle with the Bank of the United States sparked conflict over money and power, shaping the lives of everyday people and the future of the nation’s economy.

Objectives:

  • Explain the reasons for the Second National Bank Crisis
  • Identify the short and long-term impacts of the Second National Bank Crisis
  • Discuss if the Second National Bank Crisis supports or negates Jackson’s image as the “Common Man’s President.”


When everyone is ready to continue, unlock the next scene.

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