Andrew Jackson criticized the Bank because he believed that it
A)benefited northern and foreign investors at the expense of southern and western farmers.
B)was too liberal with its loan policies.
C)did not exercise enough centralized control over the monetary system.
D)charged excessive interest rates.
E)benefited plantation owners more than small farmers.

Question

Quizplus · Accepted Answer

Andrew Jackson believed that the Bank of the United States benefited northern and foreign investors, who owned the majority of the bank's shares, at the expense of southern and western farmers. He saw the bank as an institution that concentrated wealth and power in the hands of a few elites, while ignoring the needs of ordinary people.

Andrew Jackson Criticized the Bank Because He Believed That It