For Many Decades Following the Presidency of Andrew Jackson, the United

Multiple Choice

For many decades following the presidency of Andrew Jackson, the United States had no central bank and thus no means of implementing national monetary policy due largely to opposition from:

A) Federalist leaders who sought to keep control in the hands of private, state-chartered banks.
B) monied elites who largely profited from an unstructured system, despite the occasional, ruinous financial panic.
C) followers of Jackson, who won the presidency by railing against urban financial elites.
D) agricultural interests, who feared being dominated by urban, industrial capitalists.