Question

ANSWER ASAP PLEASE!!!!!!

Which of the following was a reason Jackson wanted the Second National Bank of the United States dissolved?

A) It was too powerful.

B) It was not making a profit.

C) It was not controlling the money of currency issued.

D) Jackson wanted to establish a National Bank that was controlled by Congress.

Answer 1

The correct answer is: A). It was too powerful.

Step-by-step explanation:

The Second National Bank of the United States was founded in 1816 being the successor bank of the National Bank created in 1791 by George Washington and Alexander Hamilton.

President Andrew Jackson view this bank as an elitist institution tied to Eastern commercial interests. He thought it had more power than any other bank, since it acted like a branch of government, and controlled a big part of the nation's gold. The Second National Bank was an institution against democratic views, making it's priority to gain profit and not public service.

The re-election campaign of President Andrew Jackson against Henry Clay focused on the bank's future, when he won he felt he received a mandate from the public to close the bank despite the objections of the Congress. He removed all federal funds on September 10, 1833 and announced that after October 1 there wouldn't be any deposits to the bank. President Jackson destroyed the bank, and it's charter officially expired in 1836. The Congress censured President Jackson for an abuse of presidential power.