0
Jackson decided to destroy the bank by transferring about $10 million in government deposits to state banks. Without this money the national bank struggled to survive. Before this Jackson had protested against national banks vehemently and refused to renew the Second Bank's charter. He had also vetoed the bank (well known as the "Bank Veto).
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoHe vetoed the bill to retain its charter. The he won the election. Flushed by his success, he asked the treasurer to transfer federal funds out of the bank.
Add your answer:
Earn +20 pts
Why did Andrew Jackson oppose the the national bank?
Andrew Jackson opposed the first National Bank because he disliked the people running the national bank.
Why did Andrew Jackson oppose the first national bank?
Andrew Jackson opposed the first National Bank because he disliked the people running the national bank.
What did Andrew Jackson do the second national bank?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Who was Alexander hamiltons chief opponent to the national bank?
Andrew Jackson.
Why did Jackson opposed the national bank?
Andrew Jackson opposed the first National Bank because he disliked the people running the national bank.
What did andrew jackson do to the second national bank?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Who opposed a national bank in 1816?
Andrew Jackson strongly apposed the National Bank.
Who vetoed the national bank in 1832?
Andrew JAckson
How did Andrew Jackson destroy the national bank?
he died
Who got rid of the national bank?
Andrew Jackson got rid of the 2nd National Bank.
What did Andrew Jackson do to the second bank?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Did Andrew Jackson support rechartering of national bank in 1836?
no
