Question

Why did Andrew Jackson oppose the Second National Bank

Answer 1

Andrew Jackson opposed the Second National Bank due to his distrust of paper currency, his preference for gold and silver, and his belief that it had too much power and was unconstitutional. He actively fought against the bank and its director, Nicholas Biddle, by withdrawing federal deposits and placing them in 'pet banks,' ultimately leading to the bank's demise.

Step-by-step explanation:

Andrew Jackson opposed the Second National Bank because he viewed it as an anti-democratic force that catered to the wealthy elites rather than the majority. He distrusted paper currency and favored hard currency such as gold and silver. Jackson's personal mission to dismantle the bank reflected his belief that it held too much power, was unconstitutional, and not accountable to the American public. This opposition was part of what became known as the Bank War, which ended with the expiration of the bank's charter in 1836. He also disliked the bank's director, Nicholas Biddle, and believed the bank's control over the nation's currency and credit system should end. Jackson's efforts included withdrawing government deposits and placing them in state banks, known as 'pet banks'.

Answer 2

•Believed it to be not constitutional
• Favors the rich over the poor and middle class
•Had to much power over the states
•Favored Northeastern states over Southern and Western states
•The bank could be controlled/influenced by foreign interest and to an extent the gov
•To much control over Congress
Mostly because it would mess up the balance of power in America is what he believed