Jackson and Biddle couldn't come from more divergent upbringings. Andrew Jackson was born in 1767, raised in a harsh country, a long military career, considered the defender of the people's rights, with a reputation for being forceful and rude, as if these attributes were not enough, he was a Southerner, belonged to the Democratic party left and had serious doubts about the banks. His opponent in this war, Nicolas Biddle, was the mere representation of the American aristocracy of the time. He was a lawyer, born in Philadelphia to a well-known family. At a very young age he enrolled at the University of Pennsylvania and later graduated from Princeton; He was 15 years old and top of his class when he decided to study law. Biddle was considered a successful scholar and a shrewd banker who had served in the state senate, and his most prominent actions as a member of the state senate were the introduction of a bill that established the public school system in Pennsylvania and the renewal of the statute. for the Second Bank of the United States. The Second Bank of the United States was under private control. It held the majority of federal deposits. Deposits, the Bank could use without paying interest. It could also issue banknotes and be exempt from paying state taxes. Congress could not authorize any other equivalent bank. For all these rights the Bank would have to pay a bonus of one and a half million dollars. Nicholas Biddle, did much to repair the Bank's corrupt reputation; the bank's erratic management was the cause of the cycle of failure that culminated in the Panic of 1819. Jackson believed that the bank was not only unconstitutional, as the Jeffersonian believed, but could influence national affairs and had no superior entity. ...... half of the document ...... was $10 million and the elimination of the federal debt. Biddle continues to obstruct credit at a time when it was needed due to business expansion, causing a national panic. Biddle's actions proved that President Jackson had made the right decisions. Massive inflation was the origin of the “Specie Circular” of July 1836; a decree that only gold and silver could be accepted in the purchase of public lands. Soon after enacting this legislation, the minting of a new dollar was announced, and Democrats credited Andrew Jackson with restoring "real money" to the nation. According to Jackson, Bidden and the aristocracy he represented had lost the banking war and the latter was forced to accept defeat. He continued to believe that the Bank was a respectable and respectable institution, which was killed by Jackson, a question which has since been left for history to decide.