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He thought it only served the ritch

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Destin Jones

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13y ago

they believed it favored a wealthy few.

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Q: What did Jacksonian Democrats believe about the national bank?
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Why Jacksonian democrats opposed the national bank?

The believed it favored a wealthy few.


Why did Jacksonian Democrats oppose the second Bank of the US?

He thought it only served the ritch


Who were the democrats and what did they believe?

Democrats believe in the state bank.


Why did Jacksonian Democrats oppose the second Bank of the United State?

they beleived it favored a small number of rich investors.


Why did Jacksonian democrat oppose the national bank?

The believed it favored a wealthy few.


Why did the jacksonian democrats oppose the second Bank of the us?

they beleived it favored a small number of rich investors.


What event led to formation of the Whig Party?

The formation of the Whig Party was primarily driven by the opposition to President Andrew Jackson and his policies, particularly his use of executive power and his handling of the national bank. Supporters of Henry Clay, who was a prominent critic of Jackson, helped establish the Whig Party in the 1830s to offer an alternative to Jacksonian Democrats.


Who opposed the national bank?

The Jackson Democrats and their followers were against it. As a group they lived in the West and were none too rich.


Who was apposed of setting up a national Bank?

The Democrats or Antifederalists, whose leaders were Patrick Henry and Thomas Jefferson.


How did the struggle over the second national bank symbolize the ideals of jacksonian democracy?

Andrew Jackson was considered the champion for the common man. He strongly disapproved of the first national bank and vetoed the commencement of a second one for several reasons. The most important reason is because he felt that national banks gave monopolies to rich seeing as that's who the banks were owned and operated by. This principle was unfair to the common man and that's exactly how his decision symbolized Jacksonian Democracy.


What are the similarities between Jacksonian democrats and the Populists?

Both were significantly made up of southern and western farmers and industrial laborers. Both wanted to repeal the national bank. Both wanted a direct election of officers, rather than through a state legislature. Both were against monopoly, or any force that allowed vast amounts of money to be held by a few individuals.


What did Federalists believe in?

They believed innational banks.