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Andrew Jackson Dbq

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While the Bank of the United States created under Hamilton’s Federalist economic policy favored the wealthy New England elite, Andrew Jackson’s refusal to recharter the BUS in 1832 was not only personal in nature, but harmed the populace he claimed he was helping and representing, which resulted in economic downfall. Jackson was a strict constitutionalist who had a past with banks. Like many western Americans, he fell prey to land speculation and blamed banks for his economic woes and near imprisonment. He did not see the value in having a national bank due to his suspicion of its policies. His prejudice against the Bank led him to ignore the benefits the economy reaped as a result of the federal regulation of currency and credit. The BUS

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