QUESTION IMAGE
Question
the national bank
when andrew jackson eliminated the national bank, the decision was opposed by the newly - formed whig party. martin van buren was the whig candidate for president in 1837 and had to deal with the panic of 1837. the way he did this was by establishing the federal treasury.
the federal treasury replaced the national bank and oversaw the entire american banking system to ensure economic stability
the job of the federal treasury was to oversee
- the american banking system
- the foreign trade networks
- the enforcement of taxes
The text on the left side of the image clearly states that "The Federal Treasury replaced the National Bank and oversaw the entire American banking system to ensure economic stability". This directly indicates the job of the Federal Treasury.
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the American banking system