AP US Historymediummcq1 pt
The Bank War's 'pet banks' were
A.state banks holding federal deposits
B.branches of the national bank
C.foreign banks
D.banks run by Congress
Explanation
Core Concept
Jackson shifted treasury funds to favored state banks, starving the Bank of the United States — fueling speculation and the 1837 Panic.
Correct Answer
Astate banks holding federal deposits
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