Why were many u. s. citizens against the second bank of the united states, which was an attempt by congress to restore order in the monetary system in 1816?

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Cristian Rowe

19 May, 22:27

Why were many u. s. citizens against the second bank of the united states, which was an attempt by congress to restore order in the monetary system in 1816?

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Nicolas Turner · Answer 1

There were many U. S. citizens against the Second Bank of the United States, which was an attempt by Congress to restore order in monetary system in 1816 because Citizens feared that a central bank placed too much power in the hands of the federal government

Emerson Erickson · Answer 2

Viewed as an overstep of the federal government.

The Constitution did not give the federal government the direct right to have a National Bank.

Members of the Democratic Republican party believed in the direct interpretation of the Constitution. The party was in control of the government and many citizens believed the government should not extend their power. A federal government should not have access to the peoples' money because it would give them the ability to create a tyrannical government.