Best Answer

Jackson did not have a positive attitude towards the Bank of the US. This was because the bank made personal loans to wealthy people and gave low interest loans to congressmen who did not support him.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

16y ago

Andrew Jackson "killed" the bank by ordering withdrawals and placing the funds in smaller state banks eventually causing Nicholas Briddle, president of the bank to close the bank.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happened to the Bank of the US during jacksons presidency?
Write your answer...
Still have questions?
magnify glass
Continue Learning about TV & Celebs

Where is the bank job filmed?

The old HQ for Midland/HSBC bank Poultry & Princes Street. Empty since 2004 when they moved to Canary wharf.

What happened to droopy and brown?

Sadly, Angela Holmes the wonderful designer and owner of the company died aged just 50. In answer to what happened to Droopy & Brown's, Ltd., and unrelated to the above Angela's brother, and co founder with her husband Keith, Angela's death did not in fact close the company directly. We continued for a while using both Angela's and my designs, until our funding was recalled by LLoyd's bank. Despite an increase in profits & t/o, audited 4 weekly management a/cs, & the backing of their appointed business adviser, we were told that LLoyds Bank thought we would go bankrupt, and were removing our facility. This included a term loan, that we had never defaulted on, assets guaranteeing above the level of borrowing, and an acceptance by the DOT of a small loans guarantee scheme, which the bank refused to support. In effect, LLoyds bank bankrupted Droopy & Brown's. The financial acumen of LLoyds bank management is high lighted by their position today.

Did Otis Campbell the town drunk on the Andy Griffith show have a job?

Yes. In one episode they mention he works as a gluer in a chair factory (not sure of specific). They mention that he is sober and hard working during the week, but gets inuberiated during the weekend.

What creatures run gringotts bank?

Gringotts Bank is run by goblins.

Is Chevy Chase bank in any way related to actor Chevy Chase?

No, Chase bank has nothing to do with the actor Chevy chase. Chase bank comes from JP Morgan Chase as a national bank. Chase bank was Bank one before it became Chase and capital One as it is today. Chevy Chase never had anything to do with the Banks name.

Related questions

What issue threatened to break the US apart during jacksons presidency?

The National Bank; there were disagreements over it during Jackson's presidency.

What happened during Andrew Jackson presidency?

The Trail of tears, South Carolina threatned to succedd from the Union,

What are some important events that occurred during Andrew Jackson's presidency?

There were multiple events that occured during Andrew Jacksons presidency. Jackson worked to dismantle the Second Bank of the United States. He claimed it was unconstitutional. He was also responsible for the Indian Removal which is ironic because he adopted a native american child named Lyncoya. Jackson almost got assasinated during his presidency. He was also involved in the Nullification Crisis.

What was a goal of Thomas Jefferson during his presidency?

Elimination of the national bank

President jacksons opposition to what bank forced it to close?

Bank of the United States

What challenges did nation face during Washington's presidency?

the whiskey rebellion n the debt of the national bank -Mr.Burr :)

Who was the president of the national bank and Andrew jacksons chief opponent in the bank wars?

nicholas biddle

What was one outcome of Jacksons querrel with the bank of US?

he removed all federal governments money from the bank

What is mr biddles bank?

Mr Biddle's bank is another name for the 2nd national bank of the US. It was around in the early 1800s. President Jackson (in office 1828 to 1836) hated the bank, and worked to destroy it during his presidency.

During the great depression when a bank collapsed what happened?

Depositers lost their savings

Who supported Jacksons veto of the bank charter bill?

Nicholas Biddle

What helped cause the nations depression during Van Buren's presidency?

It started when Pres. Andrew Jackson refused to sign the renewal of the federal bank charter.