In the case of the re-charter of the bank, the statement is not valid. He did uphold the principles of the majority rule and not of the supremacy of the government. The bank and its branches received federal funding and they were to be used for public purpose by serving as a cushion for the ups and downs of the economy. Biddle, head of the bank, managed it effectively. But his arrogance led many, including Jackson, to believe that Biddle was abusing his power and was serving the interests of the wealthy. As a result, Jackson declared the bank to be unconstitutional even though it was previously said to be constitutional. In the election of 1832, Clay wanted to challenge Jackson on the issue by trying to persuade Congress to pass a bank re-charter-bill. Jackson vetoed it, saying that it was a private monopoly and that it favored the wealthy, and in turn led to the backfire of Clay’s plan. The majority of the voters agreed on his attack on the “hydra of corruption.” And as a result of this issue, Jackson got the majority of the votes and won the election. In his second term Jackson killed the national bank by vetoing its re-charter and by removing all of its money. In his veto message Jackson said “But when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges to make the rich richer and the potent more powerful, the humble members of society who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustices of their government”. He then took the money and put it into so called “pet banks” that were
In the case of the re-charter of the bank, the statement is not valid. He did uphold the principles of the majority rule and not of the supremacy of the government. The bank and its branches received federal funding and they were to be used for public purpose by serving as a cushion for the ups and downs of the economy. Biddle, head of the bank, managed it effectively. But his arrogance led many, including Jackson, to believe that Biddle was abusing his power and was serving the interests of the wealthy. As a result, Jackson declared the bank to be unconstitutional even though it was previously said to be constitutional. In the election of 1832, Clay wanted to challenge Jackson on the issue by trying to persuade Congress to pass a bank re-charter-bill. Jackson vetoed it, saying that it was a private monopoly and that it favored the wealthy, and in turn led to the backfire of Clay’s plan. The majority of the voters agreed on his attack on the “hydra of corruption.” And as a result of this issue, Jackson got the majority of the votes and won the election. In his second term Jackson killed the national bank by vetoing its re-charter and by removing all of its money. In his veto message Jackson said “But when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges to make the rich richer and the potent more powerful, the humble members of society who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustices of their government”. He then took the money and put it into so called “pet banks” that were