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<p>[QUOTE=&quot;johnmilton, post: 25129354, member: 101855&quot;]There is a lot of history with this piece.</p><p><br /></p><p>This was issued after Andrew Jackson won &quot;the bank war&quot; and refused the Bank of the United a charter renewal. The bank charter had its flaws. Unlike the modern Federal Reserve, the bank had stockholders, and it was a for-profit business. The good thing about the bank was that it could keep the state banks honest. It often sent their bank notes to them and forced them to back those notes with gold and silver, which as a good thing.</p><p><br /></p><p>Jackson was a hard money man who didn&#039;t like banks and the paper money they issued. He believed in hard money, gold and silver. (&quot;My currency&quot;) That limited the amount banks could loan, which made the Panic of 1837 worse. So when the hard times came, Jackson&#039;s critics blamed him.</p><p><br /></p><p>&quot;My third heat&quot; on the &quot;hog wild&quot; refers to Jackson&#039;s third run for the presidency. He ran in 1824 and lost, but ran again in 1828 and 1832 (the third heat) where he won.</p><p><br /></p><p>Jackson is a controversial historical figure, right down to the present day. <span style="color: #ff0000">Edited</span>[/QUOTE]</p><p><br /></p>

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