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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Why didn’t Jackson like the National Bank?
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He felt it only helped the poor, but not the rich
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He felt it only helped the rich, but not the poor
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He was indifferent towards it; Senators actually wanted to destroy it
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Jackson was actually a strong proponent for the National Bank
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Explanation:
Detailed explanation-1: -In his 1830 and 1831 annual messages, Jackson reiterated his opposition to the Bank. He proposed in its stead a wholly government institution-in name a bank, but in effect an arm of the Treasury, without power to make loans, acquire property, or issue notes.
Detailed explanation-2: -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.
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