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The "Pet banks".
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∙ 15y ago
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Who was the president of the national bank and Andrew jacksons chief opponent in the bank wars?
nicholas biddle
What happened to the Bank of the US during jacksons presidency?
Jackson did not have a positive attitude towards the Bank of the US. This was because the bank made personal loans to wealthy people and gave low interest loans to congressmen who did not support him.
Did Andrew Jackson replace the Bank of the US with one large state bank?
No, Andrew Jackson did not replace the Bankof the U.S with one large state bank. Instead he vetoed the charter to renew the bank of the U.S then he took out all of its money and distrubited the money to various state banks.
President jacksons opposition to what bank forced it to close?
Bank of the United States
What was one outcome of Jacksons querrel with the bank of US?
he removed all federal governments money from the bank
What was Andrew Jacksons domestic policy?
Andrew Jackson's domestic policy included populist economic decisions. He enforced a federal tariff, vetoed a bill to charter the Second Bank of the United States and didn't object to slavery.
What were Andrew Jackson views?
Andrew Jackson opposed the national bank because he believed it violated state sovereignty and threatened slavery. He vetoed a congressional bill to reauthorize the Second National Bank of the United States. He then proceeded to violate presidential power by taking the government's money out of the national bank and redistributing to state banks.
How did Andrew Jackson destroy the Second National Bank?
He ordered the Treasury to put the money in state banks.(:
What were the results of the conflicts over the second bank of the US?
Jackson vetoed the legislation, Jackson also weakened the bank's power by moving most of it's funds to state banks, Jacksons practices also led to inflation. Jacksons policy did not help the national economy ashe had hoped. Last but not least his policies opened the door for approaching economic troubles.
What were the results over the conflict with the second bank of the US?
Jackson vetoed the legislation, Jackson also weakened the bank's power by moving most of it's funds to state banks, Jacksons practices also led to inflation. Jacksons policy did not help the national economy ashe had hoped. Last but not least his policies opened the door for approaching economic troubles.
What were the results of the conflict over the second bank of the US?
Jackson vetoed the legislation, Jackson also weakened the bank's power by moving most of it's funds to state banks, Jacksons practices also led to inflation. Jacksons policy did not help the national economy ashe had hoped. Last but not least his policies opened the door for approaching economic troubles.
What were results of the conflict over the Second Bank of the US?
Jackson vetoed the legislation, Jackson also weakened the bank's power by moving most of it's funds to state banks, Jacksons practices also led to inflation. Jacksons policy did not help the national economy ashe had hoped. Last but not least his policies opened the door for approaching economic troubles.
