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Why were Americans weary about the second bank of the US?

User Ash Wilson
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Final answer:

Americans were weary about the Second Bank of the United States because it made risky loans, was viewed as an unconstitutional exercise of power, and was believed to bring economic misery to the working class.

Step-by-step explanation:

American's were weary about the Second Bank of the United States for a few reasons. Firstly, the bank made risky loans and issued a steady stream of Bank of the United States notes, which led to inflation and speculation. Secondly, many states rejected the bank, arguing that it was an unconstitutional exercise of power. Lastly, working people in Northeastern cities disliked all banks in general, believing that paper currency brought economic misery to the working class.

User Jfoytik
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