It was one of the most powerful banks in the country , therefore President Javkson disliked it because it had so much power .
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the 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.
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Jackson was against the second bank because he found out that the bank was giving people loans when the law said not to give out loans
Andrew Jackson .
Andrew Jackson
He fought to destroy it. (Apex)
Many who favored the interest of the bank belong to the Whig party and the public accused Jackson of having a personal agenda by vetoing the renewal of the bank. Others accused him of using his authority against the bank for personal reasons. Jackson, however, expressed his concern that the governmentâ??s money in the Second National Bank was vulnerable and subject to manipulation by foreign countries.
Jackson refused to recharter the National Bank because it went against his beliefs. He deemed the bank unconstitutional. He also saw that the attack based on the bank was a very personal attack.
I believe it was the National bank of the U.S. or something along those lines.
I think it was the Federal Reserve. He felt there should not be a national bank.
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).