Question

Question 17 of 18

Which statement best describes why Andrew Johnson was opposed to a
national bank?
A. He thought it gave too much power to a small group of elites.
B. He thought that gold was an unstable currency.
C. He thought it would put the government in debt.
D. He thought that the states should not control their finances.

Answer 1

Andrew Johnson opposed a national bank because he believed it gave too much power to a small group of elites.

Step-by-step explanation:

The best answer is A. He thought it gave too much power to a small group of elites. Andrew Johnson believed that having a national bank would concentrate too much power in the hands of a few wealthy individuals, which went against his belief in states' rights and limited federal government. He feared that a national bank would enable these elites to dominate the economy, control the circulation of money, and influence government decisions.

Learn more about Andrew Johnson's opposition to a national bank