How did Andrew Jackson treat the second national bank? Why?

Answers

Answer 1

Answer:

President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War."

A national bank had first been created by George Washington and Alexander Hamilton in 1791 to serve as a central repository for federal funds. The Second Bank of the United States was founded in 1816; five years after this first bank’s charter had expired. Traditionally, the bank had been run by a board of directors with ties to industry and manufacturing, and therefore was biased toward the urban and industrial northern states. Jackson, the epitome of the frontiersman, resented the bank’s lack of funding for expansion into the unsettled Western territories. Jackson also objected to the bank’s unusual political and economic power and to the lack of congressional oversight over its business dealings.

Jackson, known as obstinate and brutish but a man of the common people, called for an investigation into the bank’s policies and political agenda as soon as he settled in to the White House in March 1829. To Jackson, the bank symbolized how a privileged class of businessmen oppressed the will of the common people of America. He made clear that he planned to challenge the constitutionality of the bank, much to the horror of its supporters. In response, the director of the bank, Nicholas Biddle, flexed his own political power, turning to members of Congress, including the powerful Kentucky Senator Henry Clay and leading businessmen sympathetic to the bank, to fight Jackson.

Later that year, Jackson presented his case against the bank in a speech to Congress; to his chagrin, its members generally agreed that the bank was indeed constitutional. Still, controversy over the bank lingered for the next three years. In 1832, the divisiveness led to a split in Jackson’s cabinet and, that same year, the obstinate president vetoed an attempt by Congress to draw up a new charter for the bank. All of this took place during Jackson’s bid for re-election; the bank’s future was the focal point of a bitter political campaign between the Democratic incumbent Jackson and his opponent Henry Clay. Jackson’s promises to empower the “common man” of America appealed to the voters and paved the way for his victory. He felt he had received a mandate from the public to close the bank once and for all, despite Congress’ objections. Biddle vowed to continue to fight the president, saying that “just because he has scalped Indians and imprisoned Judges [does not mean] he is to have his way with the bank.”

On September 10, 1833, Jackson removed all federal funds from the Second Bank of the U.S., redistributing them to various state banks, which were popularly known as “pet banks.” In addition, he announced that deposits to the bank would not be accepted after October 1. Finally, Jackson had succeeded in destroying the bank; its charter officially expired in 1836.

Jackson did not emerge unscathed from the scandal. In 1834, Congress censured Jackson for what they viewed as his abuse of presidential power during the Bank War.


Related Questions

Which best describes the impact of the French and Indian War?
A) Even though the British and American colonists defeated the French, it led to the taxation of the colonists by the British Parliament and King George III
B) The French victory forced the British out of North America and led to the colonial rebellion against King Louis XVI.
C)The Native Americans were given all of the land the English took from them, creating strong anger against the British throughout the colonies.
D) It united the British and the American colonists, leading to a period of peace and prosperity.

Answers

Answer:

The French and Indian War is often viewed by historians as being a factor in causing the American Revolution. Which of these best explains why this might be the case? a. The Indians believed the colonists would return seized lands to them. b. The . History. Which best describes the impact that the Haitian Slave Revolt had on European countries?

Explanation:

Answer:

A) Even though the British and American colonists defeated the French, it led to the taxation of the colonists by the British Parliament and King George III

Explanation: The British taxed the colonist because they were in debt due to the war this lead to the signing of The Townshend Acts.

If you could mark me brainlyest that would be amazing:)

How can the large scale of deaths during World War I be attributed to the Industrial Revolution?​

Answers

Answer: More inventions were needed later.

Which numbered pair of statements best completes this table?

Also sorry it’s sideways hope you can still read it.

Answers

Answer: C

Explanation:

If I’m not mistaking it’s C

In what ways are the historic goals of the Civil Rights Movement
relevant today?

Answers

Answer: The modern civil rights movement is working to address the less visible but very important inequities in our society. Opportunity in America should mean everyone has a fair chance to achieve his or her full potential.

Explanation: Give me brainliest now, thanks

TRUE OR FALSE:

Members of Congress can learn many different things -- such as what you like and dislike about the area where you live – from letters you send to them.

(Also, which amendment would that scenario be a part of?)​

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Answer:true

Explanation:

True!! Hope this helps

which of the following is not part of the presidents responsibilities as party leader?
A. raise money for the party
B. represent the interests of the party
C. support other party members up for election
D. removing members of opposing parties from congress

Answers

Answer:

The answer is D. :)

Explanation:

d. removing members of opposing parties from congress

As grandes navegações do século XV procuravam Profundas transformações que enfrentaram o mundo inteiro.Cite as consequências positivas e negativas e da expansão marítima europeia

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It’s is b explanation I don’t really know

Hahaha

Answer:

The Age of Discovery, also known as the Age of Exploration and the Great Navigations, was a period in European history from the early 15th century to the early 17th century. During this period, Europeans engaged in intensive exploration and early colonization of many parts of the world, establishing direct contact with Africa, the Americas, Asia, and Oceania. Historians often refer to the Age of Discovery to mean the pioneering period of the Portuguese and Spanish long-distance maritime travels in search of alternative trade routes to the Indies. The contact between the “Old World” of Europe and the so-called “New World” of the Americas produced what is called the Columbian Exchange: the wide transfer of plants, animals, foods, communicable diseases, people (including slaves), and culture between the Eastern and Western hemispheres.Early Explorations

okay why does nobody help?

Answers

Answer:

no idea

Explanation:

Which document expresses that people are entitled to the free exercise of religion? A. the English Bill of Rights B. the Mayflower Compact the Virginia Declaration of Rights D. the Fundamental Orders of Connecticut Please select the best answer from the choices provided B C D Save and Exit Next Mark this and return​

Answers

Answer:

c took it the text in edg

Explanation:

U.S. cities grew quickly during the early 1800s because:

A. poor transportation made it difficult to leave cities.
B. nativists called for more Americans to move to cities.
C. education became freely available in cities.
D. recent immigrants often had to live in cities.

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Answer:

because there were many people from their native countries living there,There were several reasons why cities grew so quickly in the United States in the late 1800s. ... Many immigrants were coming to the United States during this time.

Explanation:

What is segregation

Answers

separating people based on their race, skin tone, etc.

Answer:

the action or state of setting someone or something apart from other people or things or being set apart

Explanation:

Why do you think the people in the north and the south want to pack food and travel to watch Civil War

Answers

Answer:

To see whats going on and stay updated.

Explanation:

What effect does limiting the point of view to the narrator have on the story?
OA
The audience sees that the narrator is loved and happy at this point of his life.
ОВ.
The audience never gets to know how the narrator feels about his father's work.
OC.
The audience feels the same anger the narrator does at being an only child.
OD.
The audience realizes that the father doesn't really love the narrator's mother.

Answers

Give brainliest..

and ill add the full answer inside the comments..

you've got nothing to lose!

:)

(i hope I help in the comments)

describe the difference between the Americas and Europe.

Answers

Answer:

Americans and Europeans have different concepts of personal space, and by extension, personal property. In some ways, this is also kind of related to our differing notions of distance. Europe is a small continent; America is a giant country with states the size of European countries.

Explanation:

Americans and Europeans have different concepts of personal space, and by extension, personal property. In some ways, this is also kind of related to our differing notions of distance. Europe is a small continent, America is a giant country with states the size of European countries.

What were the key factors to the Northern and southern Economy?

Answers

The Northern economy relied to manufacturing and the agricultural and the Southern economy depended on the production of cotton.

What was the impact of Reconstruction on white
Southerners in the South?

Answers

Answer:

Due to end of slavery.

Explanation:

There is a great impact of Reconstruction on white  Southerners in the South because the end of slavery changed their routine as well as professional life. Keeping slaves for work is common in the south so when the slavery ends in the south the white  Southerners facing difficulties in doing his work. Now they has to pay people to work in their homes and fields so reconstruction changed the life style of white  Southerners.

What do peasant farmers do when they lost their crops?

Answers

Answer:

What do peasant farmers do when they lost their crops?

Peasant farmers often depended on subsistence agriculture - this means that the farmers primarily grew crops to feed themselves and their families, rather than selling their crops for economic gain.

So, if the peasant farmers lose their crops, they will have nothing to eat. The peasants will probably go hungry and perhaps starve.

And what common pattern do we see when the masses are starving? They revolt ! I suppose that's a bit of a stretch, but in general, the peasant class would definitely be upset at having no crops to feed themselves and their children. Such tensions will be directed at their leader or "King" who is supposed to be prepared for any disaster.

Wouldn't people think, "The leader has everything he wants and can get anything he does not have, can't he share with us?"

Anyways, that's how I would interpret this question.

Hope this helps!

:D

How could the French avoided the Revolution from escalating from stage one to stage two?

Answers

Answer:

by making the necessary political, social and economic reforms. It could also have been avoided by using force to deal with the rebellious Third Estate.

Explanation:

1. Explain Mr. Hays's arguments that the communist influence in other countries is different than in the United States.

Answers

Search it up in a test and try to find the right answer because i have no clue in what the united.1states

The arguments that Mr. Hay had about communist influence in other countries was in opposition of Senator McCarthy because he felt he was too dangerous.

Mr Hay was in an argument against Senator McCarthy's campaign on communism.

Senator McCarthy's campaign against communists in government was very effective for him but opposition accused him of being a communist and this led to his loss of political power.

In conclusion, the arguments that Mr. Hay had about communist influence in other countries was in opposition of Senator McCarthy because he felt he was too dangerous.

Read more about communism

brainly.com/question/891214

How did the introduction of Islam affect the development of African civilizations?

Answers

Answer:

Islam in Africa has linked together diverse peoples through better cultural understanding and a spirit of cooperation and common weal. ... The historial impact of Islam upon trade, particularly in West Africa, greatly increased the wealth of African people and helped form many great African empires.

Answer:

It's either

Islam in Africa has linked together diverse peoples through better cultural understanding and a spirit of cooperation and common weal. ... The historial impact of Islam upon trade, particularly in West Africa, greatly increased the wealth of African people and helped form many great African empires.

OR

ECONOMIC EFFECTS

Islam promoted trade between West Africa and the Mediterranean. The religion developed and widened the trans-Saharan Caravan trade. The trade enriched the West African and the Muslim traders. Muslims from North Africa came in their numbers and settled in the commercial centres.

How many borders does the United States have with Canada? 4 3 1 2

Answers

Answer: Its 13 its not 4,3,2, or 1

Explanation:

Answer:

i think it is 2

Explanation:

which european leader was influenced by enlightenment thinkers to free the serfs and make taxes equal for farmers and nobles

Answers

Baron Montesquieu hope it helps
Baron Montesquieu was the European leader

What problem is being depicted in the cartoon above?

Answers

Answer:

where is the entire question??

The Spanish Civil War ended in a victory for A)communism
B)the loyalists
C) democracy
D)fascism

Answers

Answer:

D. fascism

Explanation:

In January 1939, its capital, Barcelona, was captured, and soon after the rest of Catalonia fell. On March 28, 1939, the victorious Nationalists entered Madrid in triumph, and the Spanish Civil War came to an end. Up to a million lives were lost in the conflict, the most devastating in Spanish history.

What effect do you think Kennedy’s popularity had on the passage of the Civil Rights Act and Voting Rights Act after he died?

Answers

Answer:

People went wild, and decided that the civil rights act was usless (just say that they disliked it) and just made African American people More miserable

Helppp plssss it’s due soon

Answers

Answer:

Religious laws that Moses received from God

Answer:

Religious laws that Moses received from God.

Explanation:

Hope this helps!

please help 20 points will give crown

Drag each label to the correct category.
Match the examples to the types of government policies they describe.


giving aid to programs that could
strengthen the nation’s economy



a secretary of state traveling to
Venezuela to finalize a trade deal

sending financial aid to a nation
that is in the grip of a famine

establishing policies to make
healthcare affordable for more
citizens

category are domestic or foreign policy if u need a photo here

Answers

Answer:

a is domestic b is foreign c is foreign and d is domestic

What group benefited the most
from the Civil War revivals?

Answers

Answer: The Baptists reaped the greatest benefits from the Great Awakening. Baptist churches grew in number during the last half of the 18th century, despite being small before the revival.

Explanation:

The soldiers benefitted the most from the Civil War revivals.

How did the religious revivals during the Civil War of the soldiers take place?

Revivals in the soldiers took different forms. In 1862 a Georgian soldier serving in Virginia wrote about nightly prayer meetings in many regiments and a large upsurge in Bible reading among the troops.

At other times the army revivals included more traditional displays of heightened religious interest. During the first months of 1864, delegates of the United States Christian Commission, an organization established by Northern churches to minister to the spiritual and material needs of the soldiers, set up a tent in the Vermont Brigade of the Union’s Army of the Potomac. Though the tent could hold two hundred men, it hosted overflow crowds at nightly meetings, with many men unable to get close enough to hear the preaching. Services lasted an hour and a half, with a short sermon followed by a lengthy experience meeting in which many soldiers took part.

Similar meetings were taking place throughout the soldiers of the Potomac that winter, as well as in the camps of the soldiers of Northern Virginia.

Learn more about soldiers, here:

https://brainly.com/question/11642623

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estimate this 627 × 398 ≈
PLZ HELP DUE 10 MIN HELP ME WITH ALL I NEED HELP WITH K

Answers

Answer:

250000

Explanation:

How did the expansion of the United States affect the issue of slavery

Answers

The westward expansion of slavery was one of the most dynamic economic and social processes going on in this country. The westward expansion carried slavery down into the Southwest, into Mississippi, Alabama, crossing the Mississippi River into Louisiana. Without slavery, you could not have civilization, they said.

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hope it helps

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