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Yes, it was, because he did not veto the Bank, he vetoed legislation that would have continued the bank's charter in order to keep it in business. The Constitution gives the President the right to veto proposed legislation without conditions or restrictions, therefore, any veto is constitutional by definition. Congress has the power to create the bank, but it created it with a charter that was due to expire in 1836. New legislation was needed to keep the bank in existence. President Jackson vetoed that legislation properly.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoIn those days,the national bank made loans to individuals and could decide which people
would get loans. Most, of not all, federal money was deposited in it, so they had
a lot of money to lend. Consequently, the manager of the bank had a lot of power by virtue
of his ability to grant loans, establish their interest rates and decide if they would be
renewed. Therefore, although not an elected official he could substantially influence Congress and Jackson believed that his failure to be chosen as President in 1824, when the
choice went to the House, was influenced against him by the bank.
Jackson
Wiki User
∙ 13y agoAndrew Jackson thought that the bank was unconstitutional because he believed that only states not federal government had the right to charter banks
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How did Jackson justify his veto of the BUS recharter bill?
Andrew Jackson explained his veto of the recharter bill by stating that he believed the Bank of the United States was elitist and unconstitutional. Jackson was the country's 7th President.
Who was the first to declare act of Congress unconstitutional?
Andrew Jackson
Who was Alexander hamiltons chief opponent to the national bank?
Andrew Jackson.
Why did the US Senate censor US President Andrew Jackson in 1834?
US President Andrew Jackson was censored by the US Senate in 1834, because it was claimed that Jackson performed illegal and unconstitutional executive acts.. This issue was directly related to Jackson's actions regarding the Second Bank of the United States. Jackson had withdrawn Federal government funds from that bank and effectively ending the so-called national bank.
Why did Jackson refuse to recharter the National Bank?
Jackson refused to recharter the National Bank because it went against his beliefs. He deemed the bank unconstitutional. He also saw that the attack based on the bank was a very personal attack.
What did president Jackson viewed the national bank as?
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
Why did people think it was unconstitutional to have a national bank?
Andrew Jackson thought that the BUS (bank of the united states) was biased against westerners.
Why did Andrew Jackson not sign the carter for the 2nd national bank?
Andrew Jackson did not sign the charter for the Second National Bank because he believed that it concentrated too much power in the hands of a few wealthy individuals and posed a threat to the democratic principles he valued. He considered the bank to be unconstitutional and a tool for promoting the interests of the wealthy elite at the expense of the common people.
What did President Jackson viewed the national bank?
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
President Jackson viewed the national bank as what?
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
What were Andrew Jackson's charges against the Bank of the US?
Andrew Jackson believed that the Bank of the United States had too much power and favored the wealthy elite at the expense of the common people. He accused the bank of corruption, unconstitutional practices, and interfering with the economy. Jackson also argued that the bank was a monopoly that hindered economic growth and unfairly influenced politics.
Who was the first to declare act of Congress unconstitutional?
Andrew Jackson
How did Jackson justify his veto of the BUS recharter bill?
Andrew Jackson explained his veto of the recharter bill by stating that he believed the Bank of the United States was elitist and unconstitutional. Jackson was the country's 7th President.
Who was Alexander hamiltons chief opponent to the national bank?
Andrew Jackson.
Why did Andrew Jackson oppose the the national bank?
Andrew Jackson opposed the first National Bank because he disliked the people running the national bank.
Was the second national bank unconstitutional?
The second national bank was unconstitutional because Andrew Jackson believed that the bank mainly looked out for the rich and powerful and the common man. You have to remember, that during Jackson's presidency it was also the time for the common age (where the president suppots the common people)
What did Andrew Jackson do to the second bank?
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
