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Most of the government favored the wealthy and the privileged, but Jackson especially singled out the Bank of the US which in those days made loans to individuals. All government funds were deposited in the bank, so it had a lot of money to loan out. The bank not only favored the wealthy friends of its president with its loans, but influenced Congressmen by making them loans with favorable terms, essentially bribing them. He believed with some good evidence that John Q. Adams won the presidency over him in 1824 because of the influence of the bank over the House of Representatives.,

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What did Andrew Jackson think favored wealthy?

Most of the government favored the wealthy and the privileged, but Jackson especially singled out the Bank of the US which in those days made loans to individuals. All government funds were deposited in the bank, so it had a lot of money to loan out. The bank not only favored the wealthy friends of its president with its loans, but influenced Congressmen by making them loans with favorable terms, essentially bribing them. He believed with some good evidence that John Q. Adams won the presidency over him in 1824 because of the influence of the bank over the House of Representatives.,


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