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panic of 1837

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The Second Bank of the United States, also known as the United States Bank, National Bank, or BUS, was a central bank headquartered in Philadelphia, Pennsylvania, that existed from 1816 to 1836. Under the leadership of its president, Nicholas Biddle, the Bank became involved in a dramatic political showdown with President Andrew Jackson — a conflict known as the “Bank War” — that shaped many of the political, economic, and ideological contours of American life in the pre-Civil War era.