money monopoly

Andrew Jackson Abolishes The Central Bank


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One hundred and fourscore years ago this month, President Andrew Jackson gave the following speech stipulating why he was closing the United States Bank. BANK OF THE UNITED STATES is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing Bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people, I felt it my duty, at an early period of my administration, to call the attention of...

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