Describe Andrew Jackson's war with the Second Bank of the United States.© BrainMass Inc. brainmass.com October 10, 2019, 4:36 am ad1c9bdddf
Jackson's Economic Policy
Jackson believed that a nationalized bank was unconstitutional. He believed that intermingling with a single particular bank as the method of the entire government's economic doings would lead to corruption (a political corruption in Washington, D.C. which he was specifically elected to fight). He also believed issuing paper money was the beginning of the end for an economy, because paper money had to be backed by physical resources (namely, gold and silver), and there would never be enough physical material to supply the populace with enough paper money to solve all the problems. In fact, ...
The expert describes Andrew Jackson's war with the Second Bank of the United States.