Which best describes Andrew Jackson's perspective on banking?
Extending credit to settlers was a good way to stimulate the economy.
O Paper money was as good as pieces of silver and gold.
A federal bank would provide job opportunities for veterans from the War of 1812.
○ A federal bank was destined to be a corrupt bank.

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06-06-2024
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Which best describes Andrew Jackson's perspective on banking?
Extending credit to settlers was a good way to stimulate the economy.
O Paper money was as good as pieces of silver and gold.
A federal bank would provide job opportunities for veterans from the War of 1812.
○ A federal bank was destined to be a corrupt bank.

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-06T14:54:47-04:00

Final answer:

Andrew Jackson viewed banking as corrupt and unconstitutional, preferring hard money over paper currency to protect the common people.

Explanation:

Andrew Jackson viewed banking in a very specific way during his time. He believed that the federal bank was corrupt and unconstitutional. Jackson favored hard money—gold and silver—and did not trust paper currency. His approach aimed to protect the majority of common people from what he perceived as the elite's control and influence.

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