Opponents of a national bank feared that it would take power away from

.

Supporters believed that a national bank would
the nation’s economy.

After vetoing the national bank’s charter, Jackson gave the federal funds to
.

This led to the creation of the
Party, whose supporters argued that Jackson had abused his power as president.

1 answer

Opponents of a national bank feared that it would take power away from the states and local banks.

Supporters believed that a national bank would stabilize and strengthen the nation’s economy.

After vetoing the national bank’s charter, Jackson gave the federal funds to state-chartered banks, also known as "pet banks."

This led to the creation of the Whig Party, whose supporters argued that Jackson had abused his power as president.