JACKSONIAN DEMOCRACY 1825 1850
JACKSONIAN AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He vetoed it
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He removed money from the National Bank
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He passed the Specie Circular
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He did nothing
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Detailed explanation-1: -Andrew Jackson vetoed the bill re-chartering the Second Bank in July 1832 by arguing that in the form presented to him it was incompatible with “justice, ” “sound policy” and the Constitution.
Detailed explanation-2: -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-3: -President Andrew Jackson, like Thomas Jefferson before him, was highly suspicious of the Bank of the United States. He blamed the bank for the Panic of 1819 and for corrupting politics with too much money. After congress renewed the bank charter, Jackson vetoed the bill.
Detailed explanation-4: -Why did Andrew Jackson veto the bill to recharter the Second Bank of the United States in 1832? He thought it interfered with the rights of states and the liberties of the people.