History, 31.08.2019 17:10 raemcbride5678

How did jacksons actions with the national bank affect the nations economy
(a) state banks issued more paper money, so the value of the dollar went up.
(b) a new national bank was founded, which made the economy better.
(c) the national bank went under, which led to a steep decline in the dollar's value.
(d) the national bank failed, which strengthened the state banks.

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In a way it helped it, he stopped a bank ran by rich people and the government, but it made people angry because now they have no place to keep their money, this question is kinda hard to answer all together but if theres answer choices let me know

Answer from: 20011854

President Jackson's actions with the national bank affect the nations economy as The national bank went under, which led to a steep decline in the dollar's value.

Further Explanations:

Andrew Jackson was the “President” of the United States to have presided to the office from 1829 to 1845. Before becoming President, he got popularity as a “General” of the “United States Army”and has also assisted in both the House of Congress. He laid stress on promoting the rights of common citizens against the corrupt aristocracy. He favored “geographical expansionism”and alsovindicated the terms of “manifest destiny”.

In 1833, Jackson reacted in contradiction to the bank by eliminating central government credits and engaging them in domestic state banks. As federal revenue from land sales ascended, Jackson took it as an opportunity to fulfill his dream of paying off the national liability by early 1935. His act affected the national economy and led to the decline of dollar value.

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Answer Details

Grade: High School

Subject: History

Chapter: Andrew Jackson

Keywords: Andrew Jackson, general, United States Army, House of Congress, aristocracy, geographical expansionism, manifest destiny, European- Americans- African Americans, African- Americans, Jacksonian democracy

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Answer from: Quest

The tried to make the government smaller by making the government smaller

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