How did Jackson respond to the close of the Bank of the United States?

He began to sell western land to foreign countries.

The Treasury began to print more money.

He established state banks.

Question

History

Rogelio Burton

3 October, 23:47

How did Jackson respond to the close of the Bank of the United States?

He began to sell western land to foreign countries.

The Treasury began to print more money.

He established state banks.

+5

Answers (2)

Know the Answer?

Roman Newton · Answer 1

He established state banks.

Explanation:

In what is now known as the "Bank War" in America, the political fight over the issue of the rechartering the Second Bank of the United States led to the establishment of new state banks. This event happened during the Presidency of Andrew Jackson, who opines that all federal funds in the bank should be moved to various other state banks.

The Second Bank was founded by George Washington and Alexander Hamilton to act as a repository for the federal funds. But Jackson viewed this as an act of incompetence as all directors of the bank were either from the manufacturing industry or some other bigger industries, which have no connection with the common people. In order to keep a balance in the power system, he decided to remove this Second Bank and instead established and put the federal reserves in these smaller state banks.

Kaylah Mora · Answer 2

Kaylah Mora 4 October, 02:04

0

He established state banks

How did Jackson respond to the close of the Bank of the United States?He began to sell western land to foreign countries.The Treasury began to print more money.He established state banks.

How did Jackson respond to the close of the Bank of the United States?

He began to sell western land to foreign countries.

The Treasury began to print more money.

He established state banks.