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Bank Of The United Sates (Causes: (debt, overproduction, reduced demand…
Bank Of The United Sates
Causes:
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Jackson questioned its constitionality and talked of a compromise: a bank completly owned by government.
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Effects:
Friends of the bank held a majority in congress- Jackson vetoed, which caused him to lose re-election support.
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Taney deposited government funds in state banks, not national bank.
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