What were Andrew Jackson's reasons for not renewing the charter for the second bank of the U.S.?

1 answer:

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The bank’s charter was unfair, Jackson argued in his veto message, because it gave the bank considerable, almost monopolistic, market power, specifically in the markets that moved financial resources around the country and into and out of other nations. That market power increased the bank’s profits and thus its stock price, “which operated as a gratuity of many millions to the stockholders,” who, Jackson claimed, were mostly “foreigners”

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LenKa [72]

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In one or two sentences, explain the basis of the on-going discussion about Confederate monuments.

S_A_V [24]

The discussion about the confederate monuments is based on how these monuments still try to show white supremacy.

The monuments are seen as symbols of racism and it has sparked an outrage on people from other races who feel that the monuments should not exist.

<h3>Who were the confederates?</h3>

The monuments of the confederates has been sparking these responses due to the fact that most of the people were those that owned slaves in the South.

The confederates were slave owners and they discriminated a lot on the black people in the country when they were alive.