devonjackson5348 devonjackson5348

16-11-2022
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jackson and his fellow democrats opposed the bank of the united states because a. the bank was outlawed by the constitution by. farmers didn't want to repay their large loans back to the bus c. they felt the bank was controlled by the elite selected:d. the bank refused to coin gold and silver money that farmers needed

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akankshasharma92 akankshasharma92

25-11-2022

Jackson and his fellow democrats opposed the bank of the united states because they felt the bank was controlled by the elite selected.

As soon as he took office as president in 1829, Jackson started looking into the Second Bank of the United States. Agrarians who didn't gain much from the wealthy people who owned and ran the bank supported his worries. Jackson did object to the bank's legitimacy, but the U.S. Congress determined that the bank was legal. Jackson didn't appreciate the fact that the bank refused to extend loans to anyone who wanted to travel west and grow into that region, thereby postponing what Jackson thought was crucial—westward expansion. In addition, he battled against the bank's and its board members' hold on political and financial power, arguing that it was unjust to the average person and that those who weren't in the elite were being oppressed by their economic gains.

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