President Andrew Jackson may have had a very good reason for his views against a central bank. Here is what he believed:
* It concentrated the nation’s financial strength in a single institution.
* It exposed the government to control by foreign interests.
* It served mainly to make the rich richer.
* It exercised too much control over members of Congress.
* It favored northeastern states over southern and western states.
President Jackson is the only president in United States history to have paid off the national debt.
