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| Topic: |
Philosophy
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| Number of pages / Number of words: |
4 / 949 |
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In his actions in this case, Jackson showed his distaste for the rich and powerful. He did this for many reasons. The Bank of the United States could easily run a state chartered bank out of business by presenting a state bank's notes for redemption all at one time. As a result state chartered banks had less money so they were unable to compete with the Bank of the United States...
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As a result state chartered banks had less money so they were unable to compete with the Bank of the United States. The bank of the United States although acting as a centralized bank, was in fact privately owned, and many of its policies were due to the owner's self-interest, and not that of the nation...
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