Want this question answered?
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.
Andrew Jackson
He fought to destroy it. (Apex)
Andrew Jackson was noted as being a foe of the Second Bank of the US.
Andrew Jackson
Andrew Jackson opposed the Second Bank of the United States, both politically and on ideological grounds. Jackson was the 7th U.S. President.
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 did not sign the charter for the Second National Bank because he believed that it concentrated too much power in the hands of a few wealthy individuals and posed a threat to the democratic principles he valued. He considered the bank to be unconstitutional and a tool for promoting the interests of the wealthy elite at the expense of the common people.
He viewed it as a blow to congressional authority.
Nicolas Biddle was the president of the Second Bank of the United States and was Andrew Jackson's chief opponent in the bank war. The so-called bank war was a dispute over the restructuring of the national bank.