The second president of the American National Bank Nicholas Biddle was a genius who was wrongly accused in 1837. He was born rich but made his way to the United States. His genius was recognized by President James Monroe and he was given the role of director of the federal government of the Second National Bank of the United States also called BUS by Nicholas Biddle. Soon after serving as director of the federal government, he would become president of the second national bank of the United States founded by President Monroe. Nicolas Biddle was a person who wore men's hats. He was well versed in literature, finance and politics. Nicolas Biddle was the country's first central banker and was a master of his craft. Nicholas Biddle was a person who always succeeded in whatever endeavor he attempted. He had "a fatal self-confidence, a disposition to underestimate opponents, and a lack of political immigration." (Taylor 78) This false sense of always succeeding that was ultimately his downfall. 1786 in Philadelphia, Pennsylvania. He comes from a lineage of prominent people in the United States. “Nicholas' father, Charles Biddle, had been vice president of the Supreme Executive Council of Pennsylvania. His mother was Hannah Shepherd Biddle.” () Nicholas Biddle is also named after his uncle with the same. His uncle was a famous revolutionary war general who died in battle. His older brother Thomas Biddle was a hero of the War of 1812. His brother, Thomas Biddle, is also named after an uncle of the same name who was a very famous financial broker. Nichols Biddle was born before his age. “He was a brilliant student and writer; entered the University of Pennsylvania at the age of 10” (). He was not allowed to get…half of paper…and silver” (295 Davidson et al.) like Andrew Jackson. Andrew Jackson withdrew all of the government's federal deposits from the bank and ultimately put a strain on the National Bank. The bank failed to be reclassified by congress. Biddle later retired in 1839 after the Van Buren Depression when inflation caused banks to print their own money as there was no national bank to monitor printed money. When Biddle retired, the bank claimed that "the bank owed 'an excessive advance' of approximately 320,000" (Taylor 65). He won this case and several others that followed that claimed he had stolen or misused the bank's money. Many of them were thrown out because they had no evidence to prove that any of this had happened. After the bank failed to recharge, Biddle operated it as a private bank until it closed in the fall of 1841. He moved to Delaware and was able to publish many books and