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Why did Andrew Jackson veto the bill renewing the charter of the Second National Bank of the United States?

a) The Supreme Court had ruled that it was illegal.

b) It gave little credit to ordinary people.

c) The federal money supply was large enough.

d) Too many loans were outstanding.

2 Answers

6 votes

Answer:

The correct answer to your question is: It gave little credit to ordinary people.

Step-by-step explanation:

User Syldman
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Answer:

c) The federal money supply was large enough.

Step-by-step explanation:

Andrew Jackson's biggest party battle took place around the Second Bank of the United States, a private corporation that was virtually a government-sponsored monopoly. Jackson accused the Bank of improper economic privilege. His views won the approval of the American electorate. In the 1832 presidential election, Democrat Jackson won more than 56 percent of the popular vote and nearly five times more electoral votes than his whig opponent, Henry Clay.

When South Carolina sought to override a protectionist tariff, Jackson ordered the military to be sent to Charleston, the state capital. Violence seemed imminent until Clay negotiated a compromise: tariffs were reduced and South Carolina abandoned annulment.

User Tamuna
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