0
What was the effect of vetoing the of the charter renewal and deposit of federal funds in state banks?
Wiki User
∙ 10y ago
this is a hard question. go figure it out!
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How did the voting public react to Andrew Jackson vetoing the renewal of the Second National Bank charter?
Many who favored the interest of the bank belong to the Whig party and the public accused Jackson of having a personal agenda by vetoing the renewal of the bank. Others accused him of using his authority against the bank for personal reasons. Jackson, however, expressed his concern that the governmentâ??s money in the Second National Bank was vulnerable and subject to manipulation by foreign countries.
President Jackson destroyed the National Bank of the US by?
vetoing its re-charter in 1832. He believed that the bank had too much power and favored the wealthy elite over the common people. This led to the withdrawal of federal funds from the bank and the subsequent collapse of the institution.
Which best represents the president acting in the role of chief of state?
Vetoing a law that expands federal spending
Was Andrew Jackson's veto a expansion of presidential power?
Yes, it was. By vetoing the renewal of the charter of the Bank of the United States, Jackson essentially used the power of the veto to carry out what he personally thought was best for the nation. He declared a national bank, something both Congress and the Supreme Court found constitutional, unconstitutional, thereby affirming the arbitrary veto power of the executive branch.
Which situation best represents the president acting in the role of chief legislator?
vetoing a law that expands federal spending
Which power does the us constitution assig the assign the executive branch with?
pardoning those convicted of crimes
What did president Andrew Jackson destroyed this by vetoing he renewal of its charter?
Jackson destroyed the Second National Bank of the United States by vetoing the renewal of its charter. He felt that the bank only made the rich richer, allowed for foreign interests in the United States, had too much power over congress, and favored northeastern states over western and southern states. With the void caused by the banks demise all investments were placed in local and state banks. Later Jackson would cause the Panic of 1837 by issuing an executive order called Specie Circular. This order made only gold and silver valid for purchasing public lands rather than paper money. This led to a run on the local and state banks who did not have enough gold and silver to exchange for the people's money. These smaller banks now had no choice but to close because of they no longer had any gold or silver in their accounts. With no banks to issue credit this caused a deep and long depression.
Who can get rid of a law by vetoing it?
the president
The vetoing of a bill is?
judicial review
The president can check congress through what?
the president has the power to check congress through thepower of vetoing legislation that comes to his desk.
How do checks and balances shape the decision making system in democracy?
the president can check the power of congress by vetoing a bill that congresshas passed
The President shows disapproval of a bill by ____________.?
Vetoing it
