why did jacksonian democrats oppose the national bank

Why did Andrew Jackson oppose the second National Bank?

Reasons Jackson Opposed the National Bank Jackson began investigating the Second Bank of the United States immediately upon becoming president in 1829. His concerns were backed by agrarians who didn't benefit much from the wealthy run and operated bank.

Who would fight against Jackson's efforts to shut down the bank?

Nicholas Biddle was the director of the Second Bank of the United States and would fight against Jackson's efforts to shut down the bank. Jackson began investigating the Second Bank of the United States immediately upon becoming president in 1829.

How did Andrew Jackson feel about the Federal Reserve Bank?

Jackson did oppose the constitutionality of the bank, but the U.S. Congress ruled that the bank was constitutional. Jackson didn't like that the bank refused to give credit to those who wanted to adventure west and expand into that territory, essentially delaying what Jackson found to be important, which was westward expansion.

What happened to the National Bank in 1832?

In 1832, Biddle and his congressional supporters, including presidential hopeful Henry Clay, drew up a new charter for the bank. The bank's supporters fully expected Congress to pass a new charter, even though the existing charter didn't expire for another four years, and didn't expect Jackson to veto the charter.

Question

Why did Jacksonian Democrats oppose the Second Bank of the United States?

The Bank War

The Bank War is the name given by historians to the political struggle between Jacksonian Democrats and National Republicans over whether the Second Bank of the United States should be rechartered. This conflict took place from 1832-1836.