asked 171k views
14 votes
Why did many Americans distrust the Bank of the United States?

1 Answer

13 votes

Answer:

Some, especially in the trans-Appalachian West, were suspicious of banks because they distrusted the paper money issued by them and because banks controlled credit and loans. To them, the Bank of the United States was the worst of them all: a greedy monopoly dominated by the rich American and foreign interests.

Step-by-step explanation:

answered
User David Christo
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.