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Because it made the rich richer, put most of the money with a single person.
What else can I help you with?
Who did not want a centralized Bank of the US?
Andrew Jackson was noted as being a foe of the Second Bank of the US.
What was Jackson position on the second bank of the US?
Jackson greatly opposed the Second Bank of the US, and sought to get rid of it.
Who Disapproved the bank of the US?
Andrew Jackson disapproved the bank.
Why did president Jackson declare war on the second bank of us?
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.
Who was the president of the bank of the us that president Jackson disliked?
Nicolas Biddle was the bank president and political enemy of Jackson.
What affected the second bank of the US after Jackson's reelection?
Jackson removed the bank's federal funds and placed them in state banks.
Why did President Jackson believe the bank of the US was unconstitutional?
Jackson felt the bank was unnecessary and that the federal government had no business allowing the bank to exist. Jackson viewed the bank as too powerful and run but an elite few.
Did Andrew Jackson's vetoing of the Bank defeat the US?
no
What action affected the second bank of the US after Jackson?
Jackson removed the bank's federal funds and placed them in state banks.
What action affected the second bank of the the US after Jackson's reelection?
Jackson removed the bank's federal funds and placed them in state banks.
How did President Jackson shut down the Bank of the US Why did he want to shut down the bankHow did President Jackson shut down the Bank of the US?
President Andrew Jackson shut down the Bank of the United States by refusing to renew its charter when it expired in 1836, following a fierce political battle. He believed the bank represented a concentration of economic power that favored the wealthy elite at the expense of the common people. To dismantle the bank's influence, Jackson ordered the withdrawal of federal deposits and placed them in state banks, known as "pet banks." This move effectively weakened the bank's operations and led to its eventual demise.
What was the outcome of the fight between Andrew Jackson and the Bank of the US?
The bank of the US lost its charter and died out , never to be revived again.
