10
QuizMultiple Choice

The National Bank

Question 10 • (MACS) 2021 NY-US History CR Summer Quarter 1

When President Andrew Jackson vetoed the extension of the Second National Bank’s charter, the national bank

Answer
A
was divided up and taken over by state banks.
B
had to borrow money to continue operating.
C
ceased to operate after its charter expired.
D
had its charter renewed by popular vote.

Explanation

Jackson’s veto blocked renewal of the Second Bank of the United States’ federal charter. When the charter expired in 1836, it stopped operating as a national bank, although it continued for a time as a state-chartered bank in Pennsylvania. So the best answer is “ceased to operate after its charter expired.”

AI-written and checked against the verified answer.