JACKSONIAN DEMOCRACY 1825 1850
JACKSONIAN AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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was largely a fiction created by opposition leader John C. Calhoun.
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centered on how to pay off the national debt.
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had to do with the ability of the federal government to enact tariffs.
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focused on the conflict between federal and state authority.
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Detailed explanation-1: -Jackson, the epitome of the frontiersman, resented the bank’s lack of funding for expansion into the unsettled Western territories. Jackson also objected to the bank’s unusual political and economic power and to the lack of congressional oversight over its business dealings.
Detailed explanation-2: -In large part this opposition was based on the very restraints the bank imposed on private, state-chartered banks; this was also seen as an affront to states’ rights, and the bank’s federal charter was called unconstitutional. In 1811, when the 20-year charter expired, renewal was politically impossible.
Detailed explanation-3: -The charter of the Second Bank of the United States expired in 1836, and a defeated Biddle accepted an offer from Pennsylvania to turn it into a state-chartered bank. With the removal of the Bank as a regulating force, state banks began printing currency and lending money in exorbitant amounts.
Detailed explanation-4: -The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). The affair resulted in the shutdown of the Bank and its replacement by state banks.