what was jackson's opinion on the bank of the united states? on what did he based his views? what other factors contributed to his stand?
Jackson gauged public opinion more accurately than Clay and won an overwhelming victory in the Election of 1832. Interpreting his wide margin as a mandate, Jackson moved against the Second Bank of the United States. The First Bank of the United States had been established by Congress at the urging of Alexander Hamilton in 1791. Despite its generally successful operation it was defeated in a renewal attempt in 1811, on account of political considerations.
Jackson's reason for this conclusion was an amalgamation of his past financial problems, his views on states' rights, and his Tennessee roots. The Second Bank centralized financial might, jeopardizing economic stability; it served as a monopoly on fiscal policy, but it did not answer to anyone within the government.