[Vic S]

Jackson also got rid of the first Central Bank in America. Amazing that the Federal Reserve put him on the $20 dollar bill (that was probably done as an insult.)

[crz]

You ever read the what he wrote on that? Fits exactly today.

[Pelham]

“Jackson also got rid of the first Central Bank in America.”

Actually it was the Second Bank of the United States, 1816-1836. More here:

https://en.wikipedia.org/wiki/Second_Bank_of_the_United_States

[LS]

Yes, and no. BUS was only 1/5 government, did not do any "central bank" activities as anyone would describe them. It was loved and respected by all the local, small "unit" bankers. BUS currency was not a monopoly, but it was a currency that, because the BUS had branches everywhere, could be used as a "standard unit of account."

Jackson destroyed a perfectly good business institution that everyone, including competitors, liked, all for his little freakin' ego.