William Duane

Senate Censures Jackson for Pet Banks Scheme and Constitutional Overreach

| Importance: 8/10

The Senate voted 26-to-20 on March 28, 1834, to censure President Andrew Jackson for unconstitutionally removing federal deposits from the Second Bank of the United States and placing them in state-chartered “pet banks.” The resolution, introduced by Henry Clay, declared that Jackson …

Andrew Jackson Henry Clay Roger Taney William Duane U.S. Senate institutional-capture systematic-corruption financial-deregulation executive-overreach democratic-erosion
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