Question

What was Andrew Jackson’s main opposition to a national bank?

A. He believed bankers favored northern interests over southern interests

B. Be believed it served a good purpose in the past but was no longer needed

C. He believed it gave too much power to a small number of elites

D. He believed corrupt government officials would steal from it

Answer 1

C. He believed it gave too much power to a small number of elites.

Step-by-step explanation:

Andrew Jackson opposed the re-chartering of the Second Bank of the United States in the 1830s, mainly on the grounds that it concentrated too much economic power in the hands of a few wealthy elites and threatened to undermine democratic governance. He saw the bank as an institution that favored the interests of the wealthy over those of ordinary Americans and believed it to be unconstitutional. He vetoed the re-charter bill in 1832, and the bank ceased to exist when its charter expired in 1836.