How did eliminating the Bank of

1 answer:

mihalych1998 [28]2 years ago

7 0

There are different reasons why people do things. A lot of people such as Biddle fought back this elimination as it was making it harder for people to borrow money.

<h2>National Bank</h2>

The people were known to have rallied to Jackson's position on the elimination of the banks. Though, the bank was removed, Jackson won the Fight, but the economy would be a victim.

Jackson want known to eliminate the National Bank. He did not like National Bank because;

The bank favored the wealthy.
He feared the growth of eastern business interests and the draining of specie from the west etc.

Learn more about National Banks from

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