why did westerners support jackson's veto of the bank

September 10, 1833 was the day the Bank’s fate was sealed, as Jackson held a crucial cabinet meeting at which he presented a report favorable to his plan and announced that he would insist that it be acted upon. A bill to re-charter the bank has recently passed Congress after much deliberation. This striking defense of the "common man" defined the new era of Jacksonianism and the emerging Democratic Party. His veto message was largely written by Attorney General Roger B. Taney. It received deposits from the federal government but otherwise operated like a private bank, making loans to individuals at its own discretion. That opinion “ought not to control the coordinate authorities of this Government. If Jackson did veto the bill, he might lose the critical votes of Pennsylvania, the home of the bank, and other states with a strong commercial interest. He blamed the bank for the Panic of 1819 and for corrupting politics with too much money. The first BUS was chartered at the time, and following the War of 1812 the Second BUS was chartered for 20 years. Tyler switched parties while he was a U.S. senator from Virginia. (21) Jackson removed his secretary, who supported the bank, and replaced him with Roger B. Taney, a man ready to do Jackson's bidding. It is maintained by the advocates of the bank that its constitutionality in all its features ought to be considered as settled by precedent and by the decision of the Supreme Court. The U.S. Bank and the Whigs John Tyler was a Democrat who became a Whig out of dislike for President Andrew Jackson. However, no voters could dictate its policies or reign in its power, due to its privately owned status (Roughshod 2). On the other hand, if Jackson chose to veto it, he would lose support in key states such as Pennsylvania, where the Bank had its headquarters. Jackson supported them, and vowed he would kill the bank before the bank killed him. The Whig Party developed out of opposition to Jackson's policies, including his bank policy. In 1811 its charter expired, but in 1815 the bank was rechartered, with little opposition, as the Second Bank of the United States.The Supreme Court in mcculloch v. maryland (1819) upheld the constitutionality of the bank. July 10, 1832: Bank Veto. It enjoys an exclusive privilege of banking under the authority of the General Government, a monopoly of its favor and support, and, as a necessary consequence, almost a monopoly of the foreign and domestic exchange. Jackson believed that the bank favored an elite circle of commercial and industrial entrepreneurs at the expense of farmers and laborers. Jackson’s veto was only one part of the war on the “monster bank.” In 1833, the president removed the deposits from the national bank and placed them in state banks. Daniel Webster is today remembered as one of a handful of men who was a leading statesman, lawyer and politician in our early republic. A national bank had first been created by George Washington and Alexander Hamilton in 1791 to serve as a central repository for federal funds. 4.Why did the North support the Tariff of 1816 and why did the South generally oppose it? Taney began removal on September 23rd, 1833. The result of Jackson's vetoing of the Bank of the United States bill was the shutdown of the central bank, both effectively and literally. Andrew Jackson’s Veto Message Against Re-chartering the Bank of the United States, 1832. President Jackson's Veto of the Bank Recharter Bill (1832) This page of Jackson's veto message expresses his view that the "rich and powerful" should not receive special privileges from the government. It began a public campaign to curry favor killed him and it irritated West! A part of the United States, 1832 States first Treasury why did westerners support jackson's veto of the bank could remove funds from the Bank 's charter! 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