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Unformatted text preview: newer states and territories, especially with state and local bankers who resented its virtual monopoly over the country's credit and currency, but also with less prosperous people everywhere, who believed that it represented the interests of the wealthy few. On the whole, the bank was well managed and rendered a valuable service; but Jackson long had shared the Republican distrust of the financial establishment. Elected as a tribune of the people, he sensed that the banks aristocratic manager, Nicholas Biddle, was an easy target. When the banks supporters in Congress pushed through an early renewal of its charter, Jackson responded with a stinging veto that denounced monopoly and special privilege. The effort to override the veto failed....
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This note was uploaded on 12/21/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.
- Fall '10