Why Was Andrew Jackson Vetoed To Congress?

In July of 1832, Andrew Jackson wrote an address to Congress explaining why he vetoed the proposed bill for the institution of a national bank. Despite the fact that Jackson was not known for completing tasks in a benevolent manner, his decision to veto the bill was actually rather admirable and beneficial for the country at the time. Jackson strongly argued the point that stocks should be dispersed between both foreign countries and the early United States fairly. He believed this to be crucial because if given the opportunity the foreign countries, primarily Great Britain, would try to purchase as much stock as possible allowing their wealth to flourish. While in theory the idea seemed like a good way to create a constant flow of revenue, if the majority of the revenue was to only return to countries, such as Great Britain, the inhabitants in the United States would still be in debt . Great Britain made careful investments in just about every industry that they needed to, which is what allowed them to prosper so significantly in the past and this terrified Jackson. He not only …show more content…
He opposed this idea heavily because he wanted equal opportunity for those who were in the middle and lower classes. He also tried to avoid providing the upper class with more political and governmental advantages in the long run. Jackson understood that as a general principle within society, those who have the most money tend to have the most control politically. He deemed this to be an unfair advantage for the wealthy because this meant that those who were not fortunate enough to be born into a more financially comfortable family that they were unable to participate in producing more funds as well as making a difference in political