JACKSONIAN DEMOCRACY 1825 1850
DEMOCRACY IN AMERICA BY ALEXIS DE TOCQUEVILLE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Believed that the National Bank was instated in the constitutional governmental powers
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Supported the National Bank of America strongly and encouraged additional support from fellow politicians
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Vetoed the bill to recharter the Second Bank of the United States then withdrew all federal monies from it
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Renewed the charter of the Second Bank of the United States without consent of the governed
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Detailed explanation-1: -The Bank War was the political struggle that ensued over the fate of the Second Bank of the United States during the presidency of Andrew Jackson. In 1832, Jackson vetoed a bill to recharter the Bank, and began a campaign that would eventually lead to its destruction.
Detailed explanation-2: -The bank’s charter was unfair, Jackson argued in his veto message, because it gave the bank considerable, almost monopolistic, market power, specifically in the markets that moved financial resources around the country and into and out of other nations.
Detailed explanation-3: -Shortly after the election, Jackson ordered that federal deposits be removed from the second National Bank and put into state banks. Although Jackson’s order met with heavy criticism from members of his administration, most of the government’s money had been moved out of the Bank by late 1833.
Detailed explanation-4: -Maryland (1819). President Andrew Jackson disagreed. Jackson-like Jefferson and Madison before him-thought that the Bank of the United States was unconstitutional. When Congress voted to extend the Second Bank’s charter in 1832, Jackson vetoed the bill.