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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He wanted the bank charter to grant him more power in the running of the bank.
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He wanted the bank charter to last for a longer time than Congress was willing to permit.
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He wanted to reduce state powers and strengthen the power of the national government.
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He wanted to strengthen state powers and reduce the power of the national government.
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Detailed explanation-1: -Jackson’s distrust of the Bank was also political, based on a belief that a federal institution such as the Bank trampled on states’ rights. In addition, he felt that the Bank put too much power in the hands of too few private citizens–power that could be used to the detriment of the government.
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: -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.
Detailed explanation-4: -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. To explain his decision to the nation, Jackson issued this veto message on July 10, 1832.