This article is about the banker. For other people, see Nicholas Biddle (disambiguation).
Nicholas Biddle
Portrait by William Inman, c. 1830s
President of the Second Bank of the United States
In office January 6, 1823 – March 3, 1836
President
James Monroe John Quincy Adams Andrew Jackson
Preceded by
Langdon Cheves
Succeeded by
Position abolished
Member of the Pennsylvania State Senate from the 1st district
In office 1813–1815
Preceded by
John Barclay
Succeeded by
William Maghee
Personal details
Born
(1786-01-08)January 8, 1786 Philadelphia, Pennsylvania, US
Died
February 27, 1844(1844-02-27) (aged 58) Andalusia, Bucks County, Pennsylvania, US
Political party
Whig
Spouse
Jane Craig
(m. 1811)
Children
6, including Charles
Parent(s)
Charles and Hannah Biddle
Relatives
See Biddle family
Education
University of Pennsylvania College of New Jersey
Signature
Nicholas Biddle (January 8, 1786 – February 27, 1844) was an American financier who served as the third and last president of the Second Bank of the United States (chartered 1816–1836).[1] Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania state legislature. He is best known as the chief opponent of Andrew Jackson in the Bank War.
Born into the Biddle family of Philadelphia, young Nicholas worked for a number of prominent officials, including John Armstrong Jr. and James Monroe. In the Pennsylvania state legislature, he defended the utility of a national bank in the face of Jeffersonian criticisms. From 1823 to 1836, Biddle served as president of the Second Bank, during which time he exercised power over the nation's money supply and interest rates, seeking to prevent economic crises.[2][3][4]
With prodding from Henry Clay and the Bank's major stockholders, Biddle engineered a bill in Congress to renew the Bank's federal charter in 1832. The bill passed Congress and headed to President Andrew Jackson's desk. Jackson, who expressed deep hostility to most banks, vetoed the measure, ratcheting up tensions in a major political controversy known as the Bank War.[5] When Jackson transferred the federal government's deposits from the Second Bank to several state banks, Biddle raised interest rates, causing a mild economic recession. The federal charter expired in 1836, before the Panic of 1837, but the bank continued to operate with a Pennsylvania state charter until its ultimate collapse in 1841.
^Campbell, Stephen W. (February 1, 2021). "Nicholas Biddle". The Economic Historian. Retrieved May 14, 2021.
NicholasBiddle (January 8, 1786 – February 27, 1844) was an American financier who served as the third and last president of the Second Bank of the United...
James Biddle (February 18, 1783 – October 1, 1848), of the Biddle family, brother of financier NicholasBiddle and nephew of Capt. NicholasBiddle, was...
The Biddle family of Philadelphia, Pennsylvania is an Old Philadelphian family descended from English immigrants William Biddle (1630–1712) and Sarah...
center of the general election of 1832, in which the bank's president NicholasBiddle and pro-bank National Republicans led by Henry Clay clashed with the...
Knopf. ISBN 978-0-375-41414-5. Biddle, Nicholas (1919). McGrane, Reginald C. (ed.). The Correspondence of NicholasBiddle Dealing with National Affairs...
Ross, sister of George Ross; Charles Biddle, and NicholasBiddle, Revolutionary War Navy captain. As a youth, Biddle was a schoolmate and close friend of...
SS NicholasBiddle was a Liberty ship built in the United States during World War II. She was named after NicholasBiddle, an American financier who served...
in Philadelphia, but without mention of the actual author, banker NicholasBiddle. Even then, the complete report was not made public until more recently...
United States economy after the War of 1812. Monroe had appointed NicholasBiddle as the Bank's executive. The Bank was a repository for the country's...
been named USS Biddle, in honor of Captain NicholasBiddle. USS Biddle (TB-26) was a torpedo boat in service from 1901 to 1919. USS Biddle (DD-151) was...
language. The use of this spelling almost certainly originated with NicholasBiddle, who used the "j" when he annotated the journals of the Lewis and Clark...
began working with NicholasBiddle, editor of the expedition's journals, for publication as a narrative. In response to a query from Biddle, Clark noted that...
nephew. He was the uncle of Congressman Richard Biddle and financier NicholasBiddle. In 1767, Biddle began his career in the Pennsylvania Provincial...
version of these original field maps was produced in 1810 by Clark and NicholasBiddle so that inaccurate recordings of latitude and longitude could be corrected...
recalled almost immediately after her arrival home through her spokesman NicholasBiddle, who was a trustee of the Astor estate. The account given by her spokesman...
was the son of NicholasBiddle, president of the Second Bank of the United States, and nephew of Congressman Richard Biddle. Charles Biddle graduated from...
strongly supported the Bank, were led by Henry Clay, Daniel Webster, and NicholasBiddle, the bank chairman. Jackson himself was opposed to all banks because...
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