Why did Jackson oppose the re-charter of the Bank of the United States?

Responses
A It increased the money in circulation.It increased the money in circulation.
B It allowed state banks to issue paper money.It allowed state banks to issue paper money.
C It unfairly foreclosed farmers' land and homes.It unfairly foreclosed farmers' land and homes.
D It was seen as a tool of the poor to increase wealth.It was seen as a tool of the poor to increase wealth.

1 answer

Andrew Jackson opposed the re-charter of the Bank of the United States primarily because he believed it had too much power and was a tool for the wealthy elite at the expense of ordinary citizens. Among the options provided, the closest response that summarizes his views would be:

C It unfairly foreclosed farmers' land and homes.

While this response doesn't capture all the nuances of Jackson's opposition, it reflects his concern that the Bank acted in the interests of the wealthy and had negative consequences for common people, including farmers who were vulnerable to foreclosure. Jackson argued that the Bank was corrupt and detrimental to the interests of the average American.