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Jackson was against the second bank because he found out that the bank was giving people loans when the law said not to give out loans
Andrew Jackson was noted as being a foe of the Second Bank of the US.
The National Bank and the Second Bank of the United States are the same. The term national bank can refer to the Bank of North America as well as the First Bank of the United States.
There were too many blacks wanting to work in the bank, so they were all killed. This is why there was so much controversy.
The second national bank was unconstitutional because Andrew Jackson believed that the bank mainly looked out for the rich and powerful and the common man. You have to remember, that during Jackson's presidency it was also the time for the common age (where the president suppots the common people)
Jackson veto the second bank of the united states because Jackson did not always support federal power opposed second bank of the united states because he belived it was unconstitutional he thought only states should have banking power. EXTRA*southern states opposed the bank because they belived it only helped the weathly so they are also unhappy with this*;)
When President Jackson did not renew the charter for the Bank of the US the government stated putting money in state banks. Money lending fell on these banks and four anti-bank resolutions were approved.
Jackson greatly opposed the Second Bank of the US, and sought to get rid of it.
Jackson distrusted the Second Bank of the United States because he felt it had too much power when it came to controlling the economy. He also thought it worked to keep the common man down.
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Jackson declared war on the second bank of the US because Jackson believed to be corrupt. Jackson declared war on Biddle and the bank. But Biddle felt sure of his political power.
Jackson decided to destroy the bank by transferring about $10 million in government deposits to state banks. Without this money the national bank struggled to survive. Before this Jackson had protested against national banks vehemently and refused to renew the Second Bank's charter. He had also vetoed the bank (well known as the "Bank Veto).
Nicholas Biddle was the president of the bank. He challenged Jackson and got Congress to renew the bank's charter in 1832, an election year. Jackson vetoed the bill to re-charter and the existence of the bank became a campaign issue.
Andrew Jackson vetoed the bill renewing the charter. Jackson did not favor a strong centralized government, and aimed to prevent a central government-run bank as well.
Andrew Jackson vetoed the bill renewing the charter. Jackson did not favor a strong centralized government, and aimed to prevent a central government-run bank as well.