JACKSONIAN DEMOCRACY 1825 1850
PRESIDENT JOHN QUINCY ADAMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Biddle persuaded congress to renew it early, Jackson immediately signed the bill
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Congress renewed it when it expired
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Biddle persuaded congress to renew it early, Jackson vetoed it
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Jackson terminated it before it ran out
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Detailed explanation-1: -A request to renew the Bank’s charter was sent to Congress in January 1832, four years before the charter was set to expire. The legislation passed both the House and Senate, but it failed to garner enough votes to overcome Jackson’s veto.
Detailed explanation-2: -After congress renewed the bank charter, Jackson vetoed the bill. The following was the message he gave to congress after issuing his veto. Jackson’s decision was controversial. Some Americans accused him of acting like a dictator to redistribute wealth.
Detailed explanation-3: -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-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.