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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Andrew Jackson
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Henry Clay
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Nicholas Biddle
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None of the above
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Detailed explanation-1: -Nicholas Biddle, (born Jan. 8, 1786, Philadelphia-died Feb. 27, 1844, Philadelphia), financier who as president of the Second Bank of the United States (1823–36) made it the first effective central bank in U.S. history.
Detailed explanation-2: -Nicholas Biddle papers, 1681-1933 (bulk 1775-1846). Nicholas Biddle was a financier who served as the president of the Second Bank of the United States. Banker, editor, diplomat, lawyer, and legislator.
Detailed explanation-3: -In response, Biddle restricted the Bank’s loans, tightening the nation’s money supply in an effort to inspire public outrage toward Jackson’s policies and force the recharter. Instead, Biddle’s plan backfired, and the ensuing financial distress inspired greater suspicion of the Bank’s power.