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Because James Monroe stole Alexander Hamilton's idea of the National Bank. And nobody like James Monroe, so they all stayed with the First National Bank that Hamilton created
Wiki User
∙ 10y ago
The second Bank of the United States became unpopular for a few reasons. First, many believed that it wielded too much power and influence over the economy, leading to concerns about the concentration of wealth. Additionally, President Andrew Jackson opposed the bank and believed it favored the wealthy elite at the expense of ordinary citizens. Lastly, there were allegations of corruption within the bank, which further eroded public trust and support.
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Who became the second president of the US?
John Adams, then after him was Thomas Jefferson.
What became the second US state to ratify the US Constitution?
The second state to ratify the US Constitution was Pennsylvania. The date of ratification was December 12, 1787. Thus it was the 2nd US State.
What unpopular war was the US involved in throughout the 1960s?
Viet Nam
Why was South Vietnam's leader unpopular?
Popular w/the US because he was anti-communist. Unpopular w/RVN citizens because he was considered (by some) to be a dictator.
What were the effects on Guam after the Spanish American War?
it became a u.s. colony ....u wouldn't have to ask the computer if u wasn't cheating .....like me : ) lol
Who created the second bank of the US?
Congress created the Second Bank of the US and shortly after it's creation it was proven to be very unpopular.
What two unpopular ideas later became part of the US Constitution?
the idea of freeing slaves and allowing minority groups as well as women the right to vote were unpopular ideas, who later became part of the constitution.
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 did not want a centralized Bank of the US?
Andrew Jackson was noted as being a foe of the Second Bank of the US.
Is the national bank and the second bank of the US the same?
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.
Who was against the second bank of the us?
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
How long did the second bank of the US last?
20 years
What happened to the the second national bank of the US?
It went out of business.
When did congress charter the Second Bank of the US?
It was chartered in 1816.
What happened to Merchants National Bank Cedar Rapids Iowa?
TheMerchants National Bank wasbought by Firstar bank in 1991. Later it became US bank.
What is a unpopular name in the us?
Jillian
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.
