What was Jackson's reasons for wanting to kill the bank of the US?

1 answer

Answer

1190477

2026-07-28 19:05

+ Follow

The Bank of the US was run by the rich people in the Eastern US. It gave preferential treatment to business interests in the East and was not of service to Jackson's people on the Western frontier. Moreover, its management lobbied against Jackson in Congress and offered favorable loans to anti-Jackson forces in Congress. Jackson killed it by campaigning against the renewal of its charter and when that effort succeeded, he sped its death by ordering federal funds to be withdrawn from it.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.