SUMMARIZE: What did President Jackson do when he found out Congress renewed the Bank? What justifications did he give for his actions? Was he factually correct in his justification?

Answer 1

President Jackson was highly against the renewal of the Bank of the United States by Congress. Despite Congress' decision to renew the Bank, Jackson vetoed the bill. He claimed that the Bank was unconstitutional and undemocratic, as it gave too much power to wealthy elites and corporations. Jackson argued that the Bank was not beneficial to the common man and hindered economic opportunities for the average citizen. While his arguments had some merit, there were also disagreements about the constitutionality of the Bank. Ultimately, Jackson's justifications were largely based on his belief in the importance of decentralizing power and promoting the interests of the common man.