JACKSONIAN DEMOCRACY 1825 1850
AGE OF THE COMMON MAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He thought that the Bank did not have enough power.
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He thought the Bank’s policies favored the elite at the expense of the common people.
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The Bank was constitutional because of the Elastic Clause.
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The Bank did not have a charter from the federal government.
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Detailed explanation-1: -President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War."
Detailed explanation-2: -Which statement BEST describes the significance of President Andrew Jackson’s response to the Supreme Court’s decision? It established the rule that the president outranks the Chief Justice.
Detailed explanation-3: -Jackson declared that removal would “incalculably strengthen the southwestern frontier.” Clearing Alabama and Mississippi of their Indian populations, he said, would “enable those states to advance rapidly in population, wealth, and power."
Detailed explanation-4: -The panic was in part an effect of Jackson’s victory over the Bank of the United States. State banks started issuing huge amounts of bank notes. The government stopped accepting them because they feared they had little value. People began to question the value of their banknotes and this started a panic.