Question

Describe the events that occurred as a result of the closing of the Second National Bank.

Answer 1

There was a tariff debate. VP calhoun argued that states had a right to nullify the federal law of tariffs. Jackson disagreed and feared that it would destroy the union. in 1832 congress passed a lower tariff, south carolina declared it illegal- jackson threatens to use military force.
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Jackson views bank as monopoly and made loons difficult to farmers, jackson then orders all deposits to be removed and put into state banks.