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The Following Questions Refer to the Excerpts Below

question 33

Multiple Choice

The following questions refer to the excerpts below.
"There are a few focal points upon which Jackson's modern reputation has turned for better or for worse.One is his attack on corporate privilege and on the concentrated political influence of wealth.In his famous Bank Veto of 1832,Jackson juxtaposed "the rich and powerful" against "the humble members of society-the farmers,mechanics,and laborers," and lamented that the former "too often bend the acts of government to their selfish purposes." No president before and few since have spoken so bluntly of economic antagonisms between Americans."
Daniel Feller,Professor of History at the University of Tennessee,Knoxville,2008
"When President Jackson confronted the Bank of the United States in 1832,he did so with the belief that it was a corrupt fiscal monster threatening the nation's economic security.He not only vetoed the Bank's re charter,which was within his right as chief executive,but went a step further by removing federal deposits even after Congress had deemed them safe.Jackson transferred one secretary of the treasury and fired another in order to secure the deposit removals.His actions were questionable,if not completely illegal,and the Senate censured him by making a notation in their journal.They didn't attempt impeachment for lack of support."
Matthew Warshauer,Professor of History at Central Connecticut State University,2008
-Which of the following groups most directly challenged Jackson's actions with respect to the National Bank?

Definitions:

Utility Function

An analytical model that illustrates how buyers prioritize various combinations of products based on the amount of pleasure or utility derived from those combinations.

Consumer's Surplus

The variance between the aggregate sum consumers intend and have the means to pay for a good or service, and the sum they actually pay.

Price of Earplugs

The cost at which earplugs are sold, reflecting manufacturing costs, market demand, and competitive pricing strategies.

Net Change

The difference in a financial instrument's closing price from one day to the next.