Today’s drama? Andrew Jackson—yes, him again—decides to leave office by nuking the economy on his way out like it’s a frat house party and the cops just pulled up. He kills the national bank, bans paper money for land (because chaos is his love language), and tosses federal funds to shady “pet banks.” Then he hands the smoking wreckage to Martin Van Buren—who stares at it like a golden retriever left alone with a dishwasher manual.
Result? Bank runs, cotton crashes, and a depression so deep it makes 2008 look like a minor inconvenience. Oh, and 40% of the banks? Gone. Just… poof.
In this episode, we ask the important questions: Was this financial collapse a policy decision or just Jackson being Jackson? Why did Van Buren show up to a five-alarm fire with a damp napkin? And did anyone actually learn anything from this? (Spoiler: eventually… maybe.) Also, shout out to the Bank of England for panic-raising rates and absolutely wrecking our vibes.
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