By Nicholas Santiago on October 6th, 2010 3:12pm Eastern Time 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.
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