Andrew Jackson vetoed the rechartering of the Bank of the United States because he believedit

Question

Andrew Jackson vetoed the rechartering of the Bank of the United States because he believedit​

Quizplus · Accepted Answer

Andrew Jackson believed that the Bank of the United States went against states' rights. He argued that the Bank was too centralized of a financial system and that it gave too much power to the federal government over states' financial affairs. Jackson also believed that the Bank favored the wealthy elite at the expense of the common man. Therefore, he vetoed the rechartering of the Bank in 1832, despite the support it had from Congress and high-profile politicians, which ultimately led to the Bank's demise in 1836.

Andrew Jackson Vetoed the Rechartering of the Bank of the United