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27 July, 09:21

Why did andrew jackson veto the bill to recharter the second bank of the united states in 1832

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Answers (2)
  1. 27 July, 11:21
    0
    He blamed the Second Bank for turmoils

    Explanation:

    Andrew Jackson vetoed the bill to recharge the Second Bank of the U. S in 1832 because he had blamed the bank for the Panic of 1819 and interrupting politics with too much money. Jackson created pet banks, disabling the nation's currency making it go against monopoly (forced form of market domination whereby a national, regional or local administration, agency or corporation is permitted to be the only provider of a certain products in case of reducing competition) aristocratic "parasites", labor, and foreign domination.
  2. 27 July, 12:14
    0
    Answer: He believed U. S banks should be for Americans only and cater to average citizens.
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