Quote from Random.Capital:
Andrew Jackson, in his attempt to close down the (then) central bank, generated a massive credit bubble, followed immediately by a very strong depression as he tried to deal with the problem he'd just created.
He killed the bank, alright, but also killed the US economy right along with it.
His history as an ethnic cleanser can be left for another thread...
Quote from Random.Capital:
Sorry, that is simply incorrect. Jackson's actions precipitated a massive credit bubble followed very quickly by a depressionary hangover.