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The Bank of the US was run by the rich people in the Eastern US. It gave preferential treatment to business interests in the East and was not of service to Jackson's people on the Western frontier. Moreover, its management lobbied against Jackson in Congress and offered favorable loans to anti-Jackson forces in Congress. Jackson killed it by campaigning against the renewal of its charter and when that effort succeeded, he sped its death by ordering federal funds to be withdrawn from it.

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13y ago
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6mo ago

Andrew Jackson opposed the Bank of the United States because he believed it was too powerful and benefited wealthy elites rather than the common people. He argued that the bank had too much control over the economy and favored the interests of the wealthy over those of the working class. Additionally, Jackson believed that the bank was unconstitutional and was a threat to individual liberty.

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Q: What was Jackson's reasons for wanting to kill the bank of the US?
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