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Question
based on the excerpt below, why did president jackson dislike the 2nd bank of the united states?
\... the rich and powerful too often bend the acts of government to their selfish purposes. ... to make the rich richer and the potent more powerful, the humble members of society - the farmers, mechanics, and laborers - who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government...\<ocr_line> the bank of the us would not fund the use of the army & navy against south carolina during the nullification crisis
<ocr_line> the bank of the us had acted irresponsibly and traded stock in the bank for foreign investors for titles of nobility
<ocr_line> the bank of the us gave too many loans to western farmers without properly determining if the loans could be repaid
<ocr_line> the us benefited the elite, upper class and did not offer the same to the common man
The excerpt clearly states that the rich and powerful (elite) bend government acts for their selfish purposes, while the humble members (common man) lack the means to secure similar favors. This indicates a disparity in benefits between the elite and the common man.
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the US benefited the elite, upper class and did not offer the same to the common man