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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.
The bank was in general disrepute among most Americans when Nicholas Biddle, the third and last president of the bank, was appointed by President James Monroe in 1823. [54] Under Biddle's guidance, the bank evolved into a powerful institution that produced a strong and sound system of national credit and currency. [55] From 1823 to 1833, Biddle ...
The new squadron left the United States for Cuba on February 15, 1823. Commodore Biddle also received new orders of conduct: he was now able to land shore parties in populated areas as long as he informed the locals first. Biddle was also ordered to cooperate with any other sovereign naval forces operating against pirates.
In 1819, Monroe appointed Nicholas Biddle of Philadelphia as Government Director of the Bank. In 1823, he was unanimously elected its president. According to early Jackson biographer James Parton, Biddle "was a man of the pen—quick, graceful, fluent, honorable, generous, but not practically able; not a man for a stormy sea and a lee shore". [30]
Langdon Cheves (/ ˈ tʃ ɪ v ɪ s / [1] [2] September 17, 1776 – June 26, 1857) was an American politician, lawyer and businessman from South Carolina.He represented the city of Charleston in the United States House of Representatives from 1810 to 1815, where he played a key role on the home front of the War of 1812.
The Biddle family of Philadelphia, Pennsylvania is an Old Philadelphian family descended from English immigrants William Biddle (1630–1712) and Sarah Kempe (1634–1709), who arrived in the Province of New Jersey in 1681.
With the failure to recharter the First Bank of the United States in 1811, [16] regulatory influence over state banks ceased. Credit-friendly Republicans—entrepreneurs, bankers, farmers—adapted laissez-faire financial principles to the precepts of Jeffersonian political libertarianism [17] —equating land speculation with "rugged individualism" [18] and the frontier spirit.
Captain Nicholas Biddle commanded the thirty-six-gun USS Randolph, having received orders from John Rutledge to break the enemy blockade of Charleston, South Carolina where a large number of merchantmen were trapped. After breaking the blockade Biddle was to sail into the South Atlantic.