History Study Notes
1. Why does Andrew Jackson oppose recharter of the second Bank of the United States?
He believes that the rich people of America have too much power within the government because of the Bank of the United States. He thinks that abolishing this Bank will create less of a separation between rich and poor.
2. What positive functions were served by the bank? What were some of the bank's negative consequences?
It is a fiscally responsible way to manage the United State’s money. It regulated currency and did good in this respect.
The capital is too vast in proportion to the wealth of the country. The political influence in the bank is too much. It is only good for the rich and horrible for the poor.
3. What should be the proper relationship between finance, business, and government?
They should all be intertwined in a way that protects each of their rights but lets them work together to better the country as a whole. Finance, business, and government are all equally important to the United States and should be treated this way.
4. What argument do protectionists make in favor of a protective tariff? How do opponents of a protective tariff respond?
They believe it is in the best interest of the people. They also think that it will make the country richer and better as a whole. Opponents say that with this the country will be changed into something that it is not.
5. Which, in your view, is correct--that the Union is a creation of the states or of the people?
I think that the Union is a creation of the people. Without the people there would have been no states, therefore the United States of America is a Union of the people.
6. Should states have the power to nullify federal law?
I think states should have the power to nullify federal law because each state should have a say in what happens in it. Without this say each state would be exactly the same and there would be no use for having states.
7. What factors contributed to increased voter
He believes that the rich people of America have too much power within the government because of the Bank of the United States. He thinks that abolishing this Bank will create less of a separation between rich and poor.
2. What positive functions were served by the bank? What were some of the bank's negative consequences?
It is a fiscally responsible way to manage the United State’s money. It regulated currency and did good in this respect.
The capital is too vast in proportion to the wealth of the country. The political influence in the bank is too much. It is only good for the rich and horrible for the poor.
3. What should be the proper relationship between finance, business, and government?
They should all be intertwined in a way that protects each of their rights but lets them work together to better the country as a whole. Finance, business, and government are all equally important to the United States and should be treated this way.
4. What argument do protectionists make in favor of a protective tariff? How do opponents of a protective tariff respond?
They believe it is in the best interest of the people. They also think that it will make the country richer and better as a whole. Opponents say that with this the country will be changed into something that it is not.
5. Which, in your view, is correct--that the Union is a creation of the states or of the people?
I think that the Union is a creation of the people. Without the people there would have been no states, therefore the United States of America is a Union of the people.
6. Should states have the power to nullify federal law?
I think states should have the power to nullify federal law because each state should have a say in what happens in it. Without this say each state would be exactly the same and there would be no use for having states.
7. What factors contributed to increased voter