W-DBQ-2-Document+B

Source: Andrew Jackson’s veto message (July 10, 1832) I sincerely regret that in the act before me I can perceive none of those modifications of the bank charter witch are necessary, in my opinion, to make it compatible with justice, with sound policy, or with the Constitution of our country…The present Bank of the United States…enjoys an exclusive privilege of banking…almost a monopoly of the foreign and domestic exchanges. It appears that more than a fourth part of the stock is held by foreigners and the residue is held by a few hundred of our own citizens, chiefly of the richest class. Of the twenty-five directors of the bank five are chosen by the Government and twenty by the citizen stockholders…. It is easy to convince that great evils to our country and its institutions might flow from such a concentration of power in the hands of a few men irresponsible to the people. Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purpose.

Jackson gives **economic equality of oppurtunity** because only the rich class have the stock. It stopped a monopoly