Why did andrew jackson oppose the national bank answer?

Social Studies

2 answers:

Vika [28.1K]3 years ago

5 0

Because he thought it was threat to the national ideals.

konstantin123 [22]3 years ago

3 0

Andrew Jackson was the 7th president of the United States (1829-1837). Jackson is also known for being the founder of the Democratic Party and for shutting down the Second National Bank in 1833.

Jackson opposed the National Bank because he believed that it was a corrupt unconstitutional monopoly with a lot of power and that benefited only to the wealthy class citizens and not all Americans. President Jackson started investigating the Second National Bank when he became president, and closed it against the Congress' decision, so he removed all federal funds back to the state banks in 1833, and the bank's official charter expired in 1836.

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