Why did Jackson distrust the national bank?

Answer 1

Andrew Jackson did not like the National Bank because the bankers would not let poor people borrow money, but they would let wealthy people. (Andrew Jackson was poor.)

He thought it was unconstitutional and nothing would get done.

stabilizing force in the national economy - novanet/gradpoint

Answer 2

Jackson hated the National Bank on ideological grounds. He felt that the banks favored the rich over the poor man.

Answer 3

One reason Andrew Jackson disliked the Bank of the U.S. was because it did not issue paper money, but minted silver and gold coins instead. The bank also foreclosed on several western farms.

Answer 4

President Andrew Jackson distrusted the National Bank because it had become a political entity that gained too much power. He was deeply opposed to the influence banks had on the government.

Answer 5

he felt it undermined the rights of states....nova net!

Answer 6

because of i dont know