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Jackson favored destruction of the national bank for all the following reasons except it what?
Wiki User
∙ 11y ago
He called the bank a monopoly that hindered the common man, whom he strived to represent as president. He thought America should be an agricultural republic, and that the bank hindered that notion because it favored northeastern states over southern and western ones.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoAndrew Jackson wanted state-centered federalism, meaning the power would rest with the states. To have national bank would mean the states banks were subject to government interference. Also, Jackson wanted to help out the lower classes. The upper classes were the ones who controlled the banks so removing them would take away some of their power.
Wiki User
∙ 11y agoOffered easy credit
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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 was the political party that favored limited national government?
The Democratic Republican Party favored a limited national government. The party, formed in 1828, was led by Andrew Jackson. It is now the oldest political party in the USA.
Who favored development of industry on a national scale and favored a national bank?
Alexander Hamilton was the leader and he lead the Federalists so the political party who favored development of industry on a national scale and favored a national bank is the federalists.
Did the north favor state government or national government?
The North favored National Government and the South favored State Government.
Which us president favored a strong fiscal policy?
Many Presidents favored a strong fiscal policy. Andrew Jackson was the only one who paid back the national debt. Bill Clinton was the last one to serve for a year in which the debt did not increase.
What is the favored day for self destruction?
According to suicide statistics, Monday! Hmmm I wonder why...
Who favored national bank?
Alexander Hamilton
Who favored a national bank?
Alexander Hamilton
What would Andrew Jackson be considered as?
A democrat who favored the common man.
Who were the people who favored the Jewish national homeland in Palestine?
Zionists
What did Andrew Jackson not support?
Andrew Jackson did not support the concept of a strong centralized federal government. He favored a limited government with more power given to the states. Jackson also opposed the idea of a national bank, believing it benefited the wealthy at the expense of the common people.
Why did Andrew Jackson killed nation bank?
As it was constituted in Jackson's day, the National Bank held undue influence over members of Congress; it concentrated America's finances in the hands of a few influential people, and it favored he interest of people, and businesses, of the North and East over the South and West.
