Just like Jefferson he thought that the control of the entire country’s money supply in a centralized establishment was a danger for the modern day American society. Like Jefferson, Jackson wanted to have a society filled with famers that would build the country and the economy of the United States of America. Both Jackson and Jefferson thought that businesses would trample over farmers in the South. Andrew Jackson only thought that the bank helped business while hurting the common man. “As “the spokesman” of the common man, Jackson showed concern for issues such as farming and mechanic advancement, anti- banking, and egalitarian principles.” (Owlcation) This quote shows that Jackson was only really caring for the common man at his time of presidency. He thought that he represented the common man because he came from such a poor background, which was very common for American citizens at this time. Andrew Jackson thought that the National Bank only profited the wealthy men. Therefore, the Second Bank of the United States is useless to a democracy if the common man can’t benefit from it. Advocates of the National Bank say that Jackson is not a “common man” even though he says he …show more content…
But it brought him the votes of the common man: the farmer, the laborer, and industrial worker.” (American History: Debating the Powerful Bank of the US) By vetoing the renewal of the charter of the Second Bank of the United States, this had gotten many of the “common men” that lived in the Southwest to vote for himself, and Andrew Jackson had won the reelection in 1832. During Jackson’s Presidency, he was known as the “Champion of the Common man.” So, Jackson had refused to renew the National Bank’s charter in the year of 1832. However, the bank was still set to expire in 1836, so Jackson had dispersed the government’s money into smaller state banks known as pet banks. “Instead, he began placing them in various state banks; by the end of 1833, twenty-three ‘pet banks’ (as they were popularly known) had been selected.” (History.com) Jackson put the money in state banks because he thought that states should have the power to have banks not the entire United States government. “It was not surprising that these state banks were determined that it would not be