Why did Andrew Jackson oppose the Bank of the United States? Select all that apply.

A. He thought a central bank would increase the value of paper money.

B. He thought having a national bank was unconstitutional.

C. He had a bitter argument with Nicholas Biddle at the Battle of New Orleans.

D. He distrusted banks because he had lost money in previous dealings with them.

Question

History

Sunny

21 July, 06:28

Why did Andrew Jackson oppose the Bank of the United States? Select all that apply.

A. He thought a central bank would increase the value of paper money.

B. He thought having a national bank was unconstitutional.

C. He had a bitter argument with Nicholas Biddle at the Battle of New Orleans.

D. He distrusted banks because he had lost money in previous dealings with them.

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Answers (2)

Know the Answer?

Zain Parks · Answer 1

Your is could be A he thought central bank would increase the value of paper money

Jenny Robles · Answer 2

a. He thought a central bank would increase the value of paper money.

Explanation:

At first, Andrew Jackson's complaints against the Central Bank are of economic order. The president reproaches him for the fluctuation of exchange rates, as well as the fact that he is financed through citizens' taxes while only benefiting a minority of shareholders. But their disapprovals are also political: Jackson, defender of the weakest, refuses to abandon them under the dependence of an institution seeking monopoly.