The presidential election of 1828 served as the catalyst for the Democratic Party’s formation as Andrew Jackson secured a resounding victory at the forefront of a movement with a clear identity.

The bank played a pivotal role in stabilizing the nation’s finances in the early years of new republic, contributing to the establishment of credit that laid the groundwork for a more organized and sophisticated financial system.

The new name for the former Thirteen Colonies represented a cohesive identity that united them under a common cause.