Jacksonian Democrats opposed the national bank primarily because they thought it favored a wealthy few. They believed that the bank concentrated economic power in the hands of a small elite, which they viewed as detrimental to the interests of the average citizen and contrary to the principles of democracy and equality.
Why did Jacksonian Democrats oppose the national bank?
(1 point)
Responses
They thought it favored a wealthy few.
They thought it favored a wealthy few.
They thought it undermined the economy.
They thought it undermined the economy.
They thought it would destabilize the currency.
They thought it would destabilize the currency.
They thought it would weaken the federal government.
They thought it would weaken the federal government.
1 answer