Which of the following did Andrew Jackson believe made the federal government "subversive to the rights of the states" and was a monopoly controlled by foreigners and the rich?

1 answer

Andrew Jackson believed that the Second Bank of the United States made the federal government "subversive to the rights of the states" and was a monopoly controlled by foreigners and the rich. He viewed the bank as an institution that favored the wealthy elite and undermined the democratic rights of the common people. This belief was a significant part of his opposition to the bank, culminating in his decision to veto its recharter and to withdraw federal funds from it.