JACKSONIAN DEMOCRACY 1825 1850
AGE OF THE COMMON MAN
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
He removed all of the governments federal funds.
|
|
|
He questioned the legality of the national bank.
|
|
|
He claimed the bank was an unconstitutional extention of power of Congress.
|
|
|
All of the above
|
Detailed explanation-1: -Jackson also attacked the undemocratic character of the bank. Congress had provided it with exclusive privileges, he pointed out, and granted it a monopoly that insulated it from competition with state banks. Furthermore, foreign nationals owned more than one-fifth of the bank’s stock.
Detailed explanation-2: -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-3: -To hasten the end of the bank, Jackson ordered the U.S. government deposits (20 percent of its funds) be withdrawn and deposited in state banks so the state banks could make the loans the Bank had stopped making. This pro-Jackson political cartoon from 1833 applauds the removal of the deposits.