Asked by Ryan
Can you please explain what this means?
Jackson's reasons for opposing the renewal of the charter revolved around his belief that bestowing power and responsibility upon a single bank was the cause of inflation and other perceived evils.
Jackson's reasons for opposing the renewal of the charter revolved around his belief that bestowing power and responsibility upon a single bank was the cause of inflation and other perceived evils.
Answers
Answered by
Ms. Sue
If one bank has a lot of power, then it can do pretty much as it wants, including furthering inflation.
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