Bank War

What was the outcome of the Bank War initiated by Andrew Jackson?

• The establishment of a new national bank

• The renewal of the charter for the Second Bank of the United States

• The destruction of the Second Bank of the United States and the rise of state banks

• The federal government took control of all banking in the United States

What was one of Andrew Jackson's goals regarding the Second Bank of the United States?

• To invest more government funds into it

• To renew its charter

• To close it

• To increase its power

Why did Andrew Jackson distrust the Second Bank of the United States?

• He thought it made it difficult for Westerners to obtain loans

• He preferred a decentralized banking system

• He believed it made loans too accessible

• He was friends with the Bank president

What did Jackson's opponents expect would happen if he vetoed the Bank's charter renewal?

• It would have no effect on his popularity

• The public would turn against him

• It would lead to financial stability

• It would make him more popular

In the political cartoon, what does Jackson's tail labeled 'Veto' symbolize?

• His power to legislate

• His support for the Bank

• His ability to reject the Bank's charter

• His indifference to financial matters

Who are likely symbolized by the rats in the political cartoon?

• Supporters of Jackson

• Henry Clay and Nicholas Biddle

• Western farmers

• Bank investors

Which bank was Andrew Jackson having a conflict with?

• First Bank of the United States

• Second Bank of the United States

• Pet Banks

• State Banks

President Andrew Jackson liked the Bank of the US and fought for its chartering.

• True

• False

Why did Jackson oppose the Bank of the United States?

• He thought its president was inexperienced and poorly educated.

• He thought it was unconstitutional and that it favored the rich.

• He thought it loaned too much money to farmers and workers.

• He thought it benefited western business owners over those in the east.

What was the main reason Andrew Jackson opposed the Second Bank of the United States?

• It was unconstitutional and favored the wealthy

• It provided too many loans to farmers

• It was too small to support the economy

• It was controlled by foreign investors