MANIFEST DESTINY 1806 1855
MANIFEST DESTINY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What effect did Andrew Jackson’s presidency have on the National Bank?
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Jackson vehemently opposed the National Bank as a tool of the wealthy; he vetoed a renewal of the bank’s charter in 1836.
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Jackson saw the National Bank as a necessary component of strengthening the national economy.
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Jackson took over control of the National Bank and strengthened its role in the federal government.
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Jackson’s presidency had little effect on the National Bank.
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Explanation:
Detailed explanation-1: -The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). The affair resulted in the shutdown of the Bank and its replacement by state banks.
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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