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He had the money deposited in various state banks.

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13y ago

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What happened as a result of President Andrew Jackson's opposition to the National Bank?

Jackson won the election of 1832 after the bank president forced renewal of the bank charter to be a campaign issue. After the charter was not renewed, Jackson hastened its demise by ordering federal money to be taken out of it and moved to state banks.


What did president Jackson viewed the national bank as?

President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.


President Jackson viewed the national bank as what?

President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.


What did President Jackson viewed the national bank?

President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.


When President Jackson did not renew the charter for the Bank of the US the responsibility of money lending fell to?

When President Jackson did not renew the charter for the Bank of the US the government stated putting money in state banks. Money lending fell on these banks and four anti-bank resolutions were approved.


What is the irony behind having president Jackson on the 20 bill?

Jackson strongly opposed paper money and the national bank


Who was the president of the bank of the us that president Jackson disliked?

Nicolas Biddle was the bank president and political enemy of Jackson.


What did President Jackson do with the Federal Money that he took out of the 2nd National Bank in 1832?

He ordered it to be deposited in various state banks.


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.


Who was the man who helped president Jackson attack the national bank?

Michael Jackson


President Jackson viewed the national bank as?

Dick


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.