JACKSONIAN DEMOCRACY 1825 1850
PRESIDENT ANDREW JACKSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A policy of Andrew Jackson establishing petting zoo’s throughout the United States in an effort to bring back the Era of Good Feelings.
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the banks owned by Jackson’s supporters where the administration put money after closing down the National Bank.
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giving jobs to one’s political supporters.
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the informal advisers to President Jackson.
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Detailed explanation-1: -What Are the Pet Banks? The pet banks definition in U.S. history were state banks that were selected to receive surplus Federal Treasury funds in 1833. These pet banks were state run banks that were loyal to President Andrew Jackson. The ‘’pet bank” nickname came from this relationship.
Detailed explanation-2: -Pet banks is a derogatory term for state banks selected by the U.S. Department of Treasury to receive surplus Treasury funds in 1833. Pet banks are sometimes confused with wildcat banks.
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: -As president, Jackson actively worked against the Second Bank of the United States and vetoed the Bank Recharter Bill in 1832, which ultimately led to the Bank War of 1832. To kill the bank entirely, Jackson stopped depositing federal funds in the Second Bank, and placed the money in pet banks instead.