On the record
The spirit of expansion and speculation was not confined to the deposit banks, but pervaded the whole multitude of banks throughout the Union and was giving rise to new institutions to aggravate the evil.
Source
gutenberg.orgAndrew Jackson: “The spirit of expansion and speculation was not confined to the deposit banks, but pervaded the whole multitude of banks…”
Editor's note · Context
Jackson notes that the spirit of speculation affected banks across the nation.
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