What was Andrew Jackson’s problem with the Second Bank of the United States in 1828?
Sivan S asked:
What was Andrew Jackson’s problem with the Second Bank of the United States in 1828?
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What was Andrew Jackson’s problem with the Second Bank of the United States in 1828?
Help please!
July 20th, 2010 at 9:06 am
Jackson’s criticism of the Bank was really a criticism of all banks, and the sort of economic behaviors they encouraged. He believed that an economy built on credit was inherently unstable and a person who made his money through speculation rather than the production of something real—like a crop or a manufactured good—was less independent and less virtuous.
From Shmoop augie6_1
July 22nd, 2010 at 12:48 pm
Andrew Jackson’s criticism of the Bank was really a criticism of all banks, and the sort of economic behaviors they encouraged. he believed that an economy built on credit was inherently unstable and a person who made his money through speculation rather than the production of something real (like a crop or a manufactured good) was less independent and less virtuous. Fox News is the best!