Hello! After Jackson "killed" the Second Bank of the United States, which controlled the nation's money supply, several things happened in the United States:
The money supply became more decentralized: With the demise of the Second Bank of the United States, the responsibility of controlling the nation's money supply was given to various state-chartered banks, which led to a more decentralized banking system.
The economy experienced increased volatility: The absence of a central bank led to a more volatile economy, with frequent booms and busts.
Jackson's popularity increased among the common people: Jackson was seen as a champion of the common man and his attack on the Second Bank of the United States was viewed as a victory for the people against the wealthy elite.
The Whig Party emerged as an opposition party: Jackson's move against the Second Bank of the United States was opposed by the Whig Party, which saw the need for a national bank to stabilize the economy and regulate the money supply.
The country faced a financial crisis: The absence of a central bank led to a financial crisis in 1837, which was exacerbated by the federal government's decision to remove federal funds from state banks, causing many of them to fail.
Overall, the demise of the Second Bank of the United States led to a more decentralized banking system and increased volatility in the economy, while also boosting Jackson's popularity among the common people and creating an opposition party in the Whigs.