Practice Quiz

CLEP US History I

Category - Economy

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Andrew Jackson's Bank War was an attempt to resolve which of the following issues?
  1. A dispute about when the charter actually ended.
  2. Few were able to get loans.
  3. The value of currency was often unstable.
  4. The debate over whether or not a national bank was Constitutional.
  5. Whether the Presidential veto was applicable to commerce.
Explanation
Answer: C - The Bank War was designed to resolve a number of issues, including the instability of currency, which often fluctuated due to the National Bank's authority in printing legal tender. The national Bank often made it difficult for state banks to be established, and the bank's president, Nicholas Biddle, maintained that this was among the bank's prerogatives. Jackson saw the bank as an enemy of the people and emblematic of the elitism that he despised, so he committed himself to its dismemberment.
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