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Rise and fall of Alabama bank clash in early 1800s
The piece traces U.S. banking battles from 1816 to 1837 focusing on Andrew Jackson and Nicholas Biddle. It details Alabama’s 1816 Huntsville Planters and Mechanics Bank collapse, ensuing currency shortages, high usury, and political charges. It notes Alabama’s state bank efforts beginning 1823, Cahawba capital, and the Decatur branch in Morgan County amid frontier growth.
MENTIONED IN THIS ARTICLE
Andrew Jackson
Nicholas Biddle
Henry Clay
Daniel Webster
Alabama
Decatur
United States Bank
Alexander Hamilton
Bank of the
United States
Biddle
Bank
Jackson
Planters and Mechanics Bank of
Huntsville
General Assembly
Mississippi Territory
William Kelly
U.S
William Long
Leroy Pope
Revolutionary Veterans
Israel Pickens
State of
Cahawba
Tuscaloosa
Andrew Pickens
Morgan County