0
Supports: the Second Bank earned strong support from business people, because they liked the fact that the bank made loans to businesses. moreover the bank was a safe place for the federal goverment to keep its money, and the stable money it issued formed a stable currency
Opponents: the opponents of the Second Bank disliked the way the bank loans made by state banks (fearing that the state banks where making to many loans) Bank directors often limited the amount of money banks could lend, this angered farmers and merchants that wanted to buy land. The most powerful enemy of the bank at that time was Andrew Jackson (the seventh president of the united states) According to Jackson,"the bank allowed a small group of wealthy people to enrich themselves at the expense of ordinary people"
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How did Jackson weaken the second bank of the US in 1833?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
What bank allowed people to exchange their dollars for gold and silver?
It's the Second Bank of the United States.
Who was the first female bank robber in the US?
St.Petersburg is the answer.You can believe this.
When was Bank of America founded?
The Bank of America was founded in 1940 after a merger of what would become the largest banking institution in America. Today it is the second largest bank holding institution, by assets.
The charter for the second Bank of the US was in effect for a period of how many years?
20
What did supporters believe a national bank would do for th US?
What did supporters believe a national bank would help to boost the economy of US. They believed that this would be done through the regulation policies that would be set up for the private banks.
If you think congress had the power to charter the second bank of the us what do you believe in?
Loose construction
How did Jackson weaken the second bank of the US in 1833?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
Is Hsbc bank second generation bank?
i think so, that HSBC is a second generation bank, but i am not sure.
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 were the democrats and what did they believe?
Democrats believe in the state bank.
When did Second Bank of the United States end?
Second Bank of the United States ended in 1841.
Is union bank a second chance bank?
YES
What is the second largest financial institution in Europe?
Germany's Deutsche Bank was the second largest financial institution in Europe in 2011, after France's BNP Paribas. In addition, Deutsche Bank was the second largest bank in the world in 2011. In 2012, Germany's Deutsche Bank became the largest bank in Europe, but remained the second largest in the world. HSBC, who was the third largest European bank in 2011, became the second largest in 2012, and 2011's largest European bank fell to the fourth largest position.
When was the Second Harvest Food Bank established?
The Second Harvest Food Bank was founded in 1972. It was the first food bank in California and it is the second oldest food bank in the country. They have over 200 agencies and 3000 volunteers.
Why did the north favor the second BUS?
The Second Bank of the United States (BUS) served as the nation's federally authorized central-banksecond-bank-of-the-united-statesduring its 20-year charter from February 1817second-bank-of-the-united-statesto January 1836.second-bank-of-the-united-statesRead more: second-bank-of-the-united-states
What does fsb stand for in bank?
I believe it stands for Federal Savings Bank
