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What did Andrew Jackson's fight with the bank reveal about his attitude toward the power of his office?
Wiki User
∙ 15y ago
He came to believe and was the first president to so claim, that his power came from the people, that he was elected by the people, to serve the people's interests and not the servant of the Congress, as the Congress and previous presidents seemed to believe.
He made the bank a campaign issue in the election of 1832, thus giving the people a chance to show their will and when he won, he took the vote as a vote against the bank.
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoJackson did not approve of the Bank of the US in which federal funds had to be deposited. The bank made personal loans to wealthy people that were known to the bank and made low interest loans to Congressmen who were against Jackson. Jackson vetoed a bill to renew its charter, and he supported the factions of hard and soft money which also did not approve of the bank. Federal funds went to state banks after the national bank's charter expired.
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