Summer School 4: Banker vs president and the birth of the dollar

This podcast episode examines the tumultuous historical conflict between Andrew Jackson and Nicholas Biddle over the Bank of the United States, illuminating how Jackson's populist ideology and opposition to centralized banking led to significant economic repercussions, including the Panic of 1837, and ultimately contributed to the establishment of a national currency during the Civil War. It also reflects on the creation of the Federal Reserve as a response to ongoing financial instability, emphasizing the persistent challenge of regulating financial risks while fostering economic growth.