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Second Bank Dbq

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On 1832, president Jackson sent a message to the United States senate, explaining his objections of the second bank of the United States. Jackson’s main objections to the Banks was because they had too much power. Banks were not so reliable as they are today and neither insurance companies until into the 20th century. Too often they could close up and disappeared with your money. He was adamantly opposed to the bank, which is why he opposed its charter extension and also removal federal founds from the bank and dispersed them to various state bank.

Jackson thought that the bank needed to be abolished because of several reasons. First, it concentrated the nation’s financial strength in a single institution. It exposed the government to control

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