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Jackson Bank War Review Flashcards | StudBud
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Jackson Bank War Review
Jackson Bank War Review
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Flashcards
16 cards
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Questions
16
Answers
1
Why did Jackson veto the Bank bill?
he wanted to please his Whig supporters
the Bank was unconstitutional
the Bank only helped wealthy people at the expense of commoners
he thought the Bank needed to be stronger
2
Rank your understanding of Jackson and the Bank Crisis:
I've got the basics, but don't understand some of it.
Better than yesterday, with a bit of studying I've got this!
I'm a pro! Call me a Bank Crisis master!
Not so good- I should study more!
3
What clause in the Constitution allowed the National Bank to be created?
Expansion of Powers Clause
Improving Economics Clause
Executive Powers Clause
Necessary and Proper Clause
4
When the Bank didn't get a new charter, federal money went to state banks, known as...
Fed-State Banks
Pet Banks
Jacksonian Banks
Taney Banks
5
What was special about this Bank charter?
It was written by Senators
It came 4 years early
It came late
It was rushed because it was almost late
6
With no federal deposits, what happened to the National Bank?
more stable state economies
economic crisis
7
Which party was FOR the National Bank?
Democratic-Republicans
Federalists
Whigs
Democrats
8
What did Americans do after realizing they had to buy land with coin money?
Burned their paper money
Tried to exchange their paper money for coins
Sued the banks
Stopped buying land
9
Without a National Bank, the states had to regulate the banks.
False
True
10
Henry Clay and Daniel Webster tied the issue of the Bank charter to the 1832 election.
True
False
11
How many secretaries did Jackson fire before finding one who would agree to stop putting money in the Bank
3
1
4
2
12
Who was president of the Bank in 1823?
Nicholas Biddle
Andrew Jackson
Henry Clay
John C. Calhoun
13
A "speculator" is another name for a banker.
False
True
14
In Jackson's opinion, the Second National Bank was too...
weak
powerful
15
Who became president after Andrew Jackson?
Daniel Webster
John C. Calhoun
Henry Clay
Martin Van Buren
16
What was the legacy of Jackson's Bank War?
Van Buren taking the heat for a bad economy
Whigs vs Democrats
Economic crisis
End of the National Bank
