On This Day. 1832: Andrew Jackson vetoed a bill that would have renewed the charter for the Second Bank of the United States. The Second Bank of the U.S. was created in the aftermath of the War of 1812 and had been controversial ever since /1
Many people—including the president— blamed it for the Panic of 1819, and Westerners and Southerners felt that the Bank in general, and its lending policies in particular, favored Northern interests over their own
On This Day. 1850: Vice President Millard Fillmore was sworn in as the 13th president. Only the second man to ascend to the presidency after the death of his predecessor (Zachary Taylor), Fillmore immediately began working to ease growing tensions over slavery /1
Unlike Taylor, who opposed the Compromise of 1850, Fillmore supported it, helping Congressional titans Henry Clay, Daniel Webster and Stephen Douglas get it passed. Fillmore’s swearing in capped an unstable time for the U.S.: six presidents in nine years
