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anonymous

  • one year ago

*Medals WILL BE AWARDED 💯* Why did Andrew Jackson oppose the national bank? A) He felt it fostered the agricultural economy. B) He felt it controlled the states C) He felt it underminded the rights of the states D) He felt it had limited value

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  1. anonymous
    • one year ago
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    d

  2. anonymous
    • one year ago
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    Are you sure

  3. anonymous
    • one year ago
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    @asheyz

  4. anonymous
    • one year ago
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    welll he did so vbecause he thought it was to much power and unconstitutional so what ever answer you thinks fits my discrption

  5. anonymous
    • one year ago
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    hold on let me see

  6. anonymous
    • one year ago
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    its a

  7. anonymous
    • one year ago
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    Andrew Jackson opposed the second National Bank. He felt the bank was unconstitutional, harmful to the states rights, and dangerous to the liberties of people. Andrew Jackson had always hated the bank, especially when he lost a large sum of money in a speculative venture. Also the panic of 1819 left farmers and urban workers bitter, they didn’t like the National Bank either. Jackson supported them, and vowed he would kill the bank before the bank killed him. When the application to re-charter the bank came to Jackson from congress, he didn’t hesitate to veto the application. Jackson noted in his reason for why he vetoed the application. He said it concentrated the nation's financial strength in a single institution. Jackson felt that the state banks should be in control of the money, not one large national bank. It exposed the government to control by foreign interests. It served mainly to make the rich richer. Jackson was all in favor of the average citizen and hated the special privileged, but Jackson didn’t come right out and say this he aroused an allusion to the rich east stockholders who benefited from failing southern farmers. It exercised too much control over members of Congress. Jackson also felt the national bank favored northeastern states over southern and western states. Jackson supported an agricultural republic and felt the Bank improved the fortunes of commercial and industrial entrepreneurs at the expense of farmers and laborers.

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