THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Why did Jackson veto the National Bank Charter?
|
|
He had it out for Henry Clay
|
|
|
He wanted to abuse his power
|
|
|
He thought the bank favored the wealthy
|
|
|
He wanted to attack the common man
|
Explanation:
Detailed explanation-1: -Andrew Jackson hated the National Bank for a variety of reasons. Proud of being a self-made “common” man, he argued that the bank favored the wealthy. As a westerner, he feared the expansion of eastern business interests and the draining of specie from the west, so he portrayed the bank as a “hydra-headed” monster.
Detailed explanation-2: -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.
There is 1 question to complete.