103. What was the primary reason Andrew Jackson opposed the Bank of the United States?
a. He believed that the bank was a great equalizer, and therefore would anger his wealthy supporters.
b. The bank was firmly behind using gold and silver, but Jackson believed the economy needed paper money
to survive.
c. He believed that no institution should possess such concentrated power and economic privilege,
unaccountable to the people.
d. The bank disproportionally benefited small farmers and laborers, a social class Andrew Jackson despised.
e. The bank was pressuring him to run for another term in office, while Jackson wished to return to a simple
life.
104. Which of the following represents Andrew Jackson’s position on the Second Bank of the United States?
a. It was dangerous to the nation because it refused to permit the issuance of enough paper money to meet
national demand.
b. It was a necessary evil in order to maintain the stability of the economy.
c. It was ineffective because it had not been given adequate power over local and state banks.
d. It was an unacceptable concentration of power and economic privilege.
e. It was being poorly run by Nicholas Biddle and should instead be run by the president himself.
105. What is the significance of Andrew Jackson’s actions during the Bank War?
a. It marked the first time a president vetoed a bill passed by Congress.
b. His refusal to respect the wishes of Congress resulted in the first impeachment hearing in American history.
c. His strong stance cemented his reputation as the symbolic representative of the common people.
d. He established a precedent of the president providing strong leadership during times of economic crisis.
e. The economic panic that followed the Bank War resulted in Jackson losing his bid for a second term.
106. “Hard money” in the 1830s referred to
a. gold and silver, also called “specie.”