Author Question: In what ways does Andrew Jackson's battle with the Bank of the United States reflect a commitment to ... (Read 65 times)

ec501234 · **on:** Sep 12, 2019

Question 1

Germany's economic miracle included all of the following except

a. unemployment dropped to 0.4 percent by 1965.
b. hundreds of thousands of guest workers were imported in order to maintain its economic expansion.
c. all banks and major industries were nationalized by the government.
d. real wages doubled between 1950 and 1965.
e. by 1955 the gross national product exceeded that of prewar Germany.

Question 2

In what ways does Andrew Jackson's battle with the Bank of the United States reflect a commitment to an egalitarian society? In what ways does it reflect a desire to replace one set of elites with another?

What will be an ideal response?

xiazhe · **Reply #1 on:** Sep 12, 2019

Answer 1

c

Answer 2

Students who emphasize the egalitarian aspects of Jackson's policy will point to the popular perception that the Bank was another instrument for helping the rich get richer. The function of the Bank, after all, was to stabilize the economy at a time when many people felt locked outside of it. Students who emphasize that the Bank war was a means of replacing one set of elites with another will point to the text's point that state bankers thought its controls were too strict and that it was getting an unfair share of federal revenues. They will also point to the desires of speculators who would benefit from instability.