Why did Jacksonian Democrats oppose the second Bank of the United States?

(1 point)
Responses

They believed it favored a small number of rich investors.

They believed it favored a small number of rich investors.

They believed it gave too much power to the states.

They believed it gave too much power to the states.

They believed it promoted a stable system of currency.

They believed it promoted a stable system of currency.

They believed it harmed industry and industrial workers.

They believed it harmed industry and industrial workers.

1 answer

Jacksonian Democrats opposed the second Bank of the United States primarily because they believed it favored a small number of rich investors. They viewed the Bank as a tool of the wealthy elite that would not serve the interests of the common man and thought it concentrated too much economic power in the hands of a few.