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Jackson claimed that the bank protected wealthy elites rather than the common man. In fact, the leadership of the bank (ex. Nicholas Biddle) was extremely corrupt, and powerful people were able to completely make up interest rates, choose who the bank would and wouldn't lend to, and print as much worthless money as they wanted (causing inflation that led to the Panic of 1837)

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15y ago
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13y ago

He felt that it was unconstitutional and that it favored the wealthy.

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Q: Why did Jackson fight the national bank?
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Related questions

Why did Jackson opposed the national bank?

Andrew Jackson opposed the first National Bank because he disliked the people running the national bank.


Were Jackson's last years plagued by financial troubles brought about by his fight against the national bank?

True.


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.


Who opposed a national bank in 1816?

Andrew Jackson strongly apposed the National Bank.


Battle over national bank?

The battle over national bank happened when president Jackson wanted to get rid of 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.


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 got rid of the national bank?

Andrew Jackson got rid of the 2nd National Bank.


Why Jackson hated the National Bank?

Jackson hated the National Bank on ideological grounds. He felt that the banks favored the rich over the poor man.


What did Jackson do about congresses renewal of the national bank charter?

he destroyed the bank


What wars went on while Andrew Jackson was president?

There were no actual, shooting type, wars while Jackson was President.There were conflicts which might figuratively be called wars, such as the fight against nullification with South Carolina and the fight to abolish the 2nd National Bank.