How did President Jackson close the Bank of the United States?

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asked Jan 20, 2022 49.3k views

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Yoiku · Answer 1 · 2022-01-27T02:24:05+0000

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Fearing economic reprisals from Biddle, Jackson swiftly removed the Bank's federal deposits. In 1833, he arranged to distribute the funds to dozens of state banks. The new Whig Party emerged in opposition to his perceived abuse of executive power, officially censuring Jackson in the Senate.

How did President Jackson close the Bank of the United States?

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