But I thought we prospered since Jackson made it easier to borrow a loan?
Yeah but now everyone wants gold!
The Second Bank of the United States was the most powerful bank in the country.
Jackson claimed the bank was unconstitutional. He said the bank was a monopoly hat favored the few at the expense of the many.
Since it became easier to take a loan, more people took out loans to buy things and the economy boomed at first. But as more and more people took out loans gold lessened and dollars lost most of their value.