Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War

by Cordelia Frances Biddle

Overview

The first half of the 19^th century was an era of upheaval. The United States nearly lost the War of 1812. Partisanship became endemic during violent clashes regarding States' Rights and the abolition of slavery. The battle between Andrew Jackson and Nicholas Biddle over the Second Bank of the United States epitomized a nation in turmoil: Biddle, the erudite aristocrat versus Jackson, the plain-spoken warrior. The conflict altered America's political arena.

In 1832, President Andrew Jackson vowed to kill the Central Bank, setting in motion the infamous Bank War that almost bankrupted the nation. Under Biddle's guidance, the Second Bank of the United States had become the most stable financial institution in the world. Biddle fought Jackson with tenacity and vigor; so did members of Congress not under the sway of "Old Hickory." Jackson accused Biddle of treason; Biddle declared that the president promoted anarchy. The fight riveted the nation.

The United States is experiencing a reappearance of deep schisms within our population. They hearken back to the earliest debates about the federal government's role regarding fiduciary responsibility and social welfare. The ideological descendants of Nicholas Biddle and Andrew Jackson are as polarized today as they were during the nineteenth century.

With this book, author Cordelia Frances Biddle documents the epic fight between Nicholas Biddle and Andrew Jackson over the fate of the Second Bank of the United States, shedding new light with previously undiscovered documents while bringing the story to life in a compelling biography of political intrigue.

Product Details

ISBN-13:	9781620064870
Publisher:	Sunbury Press, Inc.
Publication date:	02/23/2021
Pages:	330
Product dimensions:	6.00(w) x 9.00(h) x 0.74(d)

About the Author

Cordelia Frances Biddle is an author with a passion for history. Her nonfiction work "Saint Katharine: The Life of Katharine Drexel" explores the transformation of a Philadelphia heiress into a champion for social justice, while her novels ("The Actress without Fear," "Beneath the Wind," etc.) draw upon history to tell captivating fictional stories. You can learn more about her at CordeliaFrancesBiddle.net.

Table of Contents

• Author's Note
• Acknowledgments
• Prologue: March 7, 1778
• Chapter 1 An American Family
• Chapter 2 The Child Prodigy
• Chapter 3 The Adventurer
• Chapter 4 The Young Lawyer
• Chapter 5 "Pray God for a Lucid Interval"
• Chapter 6 A Second War of Independence
• Chapter 7 Monroe and Biddle
• Chapter 8 A New Career
• Chapter 9 The Bank's President
• Chapter 10 A Life's Work
• Chapter 11 Andrew Jackson Becomes President
• Chapter 12 For Jackson or the Bank
• Chapter 13 Saving the Bank
• Chapter 14 "The Public Treasure-Where Is It?"
• Chapter 15 The Death of One Bank, The Birth of Another
• Chapter 16 "A Great Disaster Has Befallen the Country"
• Chapter 17 Defeat
• Epilogue
• Notes
• Bibliography
• Index
• About the Author

Editorial Reviews

"Nicholas Biddle is a familiar figure among historians, who know him for his long and fulminous battle with President Andrew Jackson over the Second Bank of the United States. But now, through the deep research and deft unspooling of Biddle's life, Cordelia Biddle has provided us with a luminous new view of her ancestor. No previous historian has so compellingly braided together the private and public lives of this polymathic politician, financial genius, gifted orator, and presidential advisor. As a descendant of the man she brings to life, she might easily have given us a one-sided portrait of a man who indeed nearly broke his health in combating the intemperate and egomaniacal Jackson. But instead Cordelia Biddle gives us a depiction of a man with tragic flaws alongside his brilliant analyses of the American economy and its banking system in an era of rambunctious, land-hungry, restless, and deeply divided Americans. Readers of this admirably crafted, stunning book will come away with valuable new insights and a great respect for the engaging, graceful prose."

-Gary B. Nash, author of Warner Mifflin: Unflinching Quaker Abolitionist

"I learned a great deal from this richly entertaining volume-in fact, I could not put it down!"

-Donald Spoto, New York Times best-selling author

"Most Americans today remember Nicholas Biddle-if they remember him at all-as Andrew Jackson's designated villain during the fight over the Bank of the United States in the early 1830s. In fact, Cordelia Biddle reminds us, Nicholas was actually a prominent renaissance figure of America's early years-diplomat, lawyer, literary editor, politician, banker-whose life touched notables from Jefferson to Napoleon to Aaron Burr to Lewis and Clark. Who is better qualified to rescue Nicholas Biddle from obscurity than his great-great-great-granddaughter Cordelia Biddle? Between her novelist's eye for detail and her unique access to his papers (and even his scrapbooks), the answer is: probably nobody."

-Dan Rottenberg, author of The Man Who Made Wall Street: Anthony J. Drexel and the Rise of Modern Finance.

"In the much-needed biography, Cordelia Biddle sheds new light on Nicholas Biddle's impressive career and his fateful showdown with President Andrew Jackson."

-Paul Kahan, author of The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance and Amiable Scoundrel: Simon Cameron, Lincoln's Scandalous Secretary of War.

From the Publisher