Why did president Andrew Jackson oppose the national bank?

1 answer:

6 0

Moreover, Jackson felt that the national bank was a threat to the American economy and to the American people. Between 1832 and 1833, Jackson used his presidential veto to dismantle the Second Bank of the United States by vetoing its congressional recharter. During 1833, he took further action against the national bank system by removing federal funds from the Second Bank of the United States and relocating the capital into loyal state banks throughout the nation.

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