Bank of America
- Opposition to the Bank came from two very different groups: the "soft money" faction and the "hard-money" faction
- Soft money: people who wanted more currency in circulation and believed that issuing bank notes unsupported by gold and silver was the best way to circulate more currency. They objected to the Bank of the United States because it restrained the state banks form issuing notes freely
- Hard-Money: believed that gold and silver were the only basis for money. They condemned all banks that issued bank notes, including the bank of the united States.
- Jackson supported the hard-money faction
- Jackson vetoed the vote to allow the Bank to become a major issue in the 1832 national elections for Clay, Webster, and other advisers
- Jackson eventually won the battle to destroy the "monster" a.k.a. the Bank