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To keep it's financed value in order.

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13y ago

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Related Questions

Who vetoed the national bank in 1832?

Andrew JAckson


The major issue in the election of 1832 was?

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What was a major issue in the election of 1832.?

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What did President Jackson did about the national bank?

US President Andrew Jackson removed all government funds from the Bank of the United States. He also vetoed a new charter for the bank in 1832.


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What was the moneyed monster that Clay tried to preserve and that killed with his veto in 1832?

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In what year did US president Jackson veto the extension of the national bank charter?

In July of 1832, President Andrew Jackson issued a veto of a bill that would have re-chartered the Second Bank. Jackson believed that the bank was corrupt.


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Why did jefferson and madision oppose the national bank?

They believed it was unconstitutional because it was not stated in the constitution that one of the powers of the federal government was to create a national bank. Hamilton however said that it was needed to enforce taxes and that because of the "necessary and proper" clause, they should create a national bank, so they did.