How did Jackson’s defeat of the Second Bank of the United States influence the economy? A
Without regulation, state banks began printing excess currency and lending large amounts of money, causing high inflation and a financial panic.

B
Jackson was correct all along; state banks were able to regulate their own activities without oversight from a national bank issuing currency.

C
It was exposed that the Second Bank’s administrator Biddle had left the country with millions in gold and silver, which prevented the printing of bills.

D
The nation was immediately plunged into chaos as money became worthless overnight and riots broke out in cities in the North and South.