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The main reason that the Second Bank of the United States was weakened was because Andrew Jackson, who was a Democrat, believed in a weak Federal Government and stronger State Governments. So, he took money from the National Bank and put it into all of the State Banks.
What else can I help you with?
What happened to the the second national bank of the US?
It went out of business.
What happened after Jackson killed the second bank of the US?
The formation of the whig party.
How did Jackson weaken the second bank of the US in 1833?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Did the second world was weaken most of the European countries?
yes the effect of second world war weaken the most European countries.
What happened to the funds drawn out of the second national Bank of the US?
They were deposited in various state banks.
What happened as a result of the Second National Bank?
It restored order to the money supply, but the economy never recovered.
What happened during Andrew Jackson presidency?
The Trail of tears, South Carolina threatned to succedd from the Union,
What happened to the Second National Bank of the US in 1836?
The Second Bank of the United States was chartered in 1816 because the First Bank of the United States lost its charter. The reason why it was chartered was because the United States suffered from severe inflation during the War of 1812 which led to many difficulties when it came to funding military operations.Hope this helps! :)
What happened in 1817?
An important event that happened in 1817 was Mississippi becoming a state. The Second Bank of the United States opened in this year as well, and the New York Stock Exchange was created.
Is Hsbc bank second generation bank?
i think so, that HSBC is a second generation bank, but i am not sure.
When did Bank of America become chase bank?
This has not happened.
What happened to Security National Bank of Nevada?
the bank collape
