USA HISTORY

Detailed explanation-1: -The Bank was popular with many Americans, however, and Jackson’s opponents-including Senator Henry Clay of Kentucky-convinced Biddle to seek an early recharter before the election of 1832, betting that Jackson would not veto the recharter if Congress passed it.

Detailed explanation-2: -Nicholas Biddle, the third and last president of the Second Bank of the United States, became President Andrew Jackson’s nemesis during the “Bank War.”

Detailed explanation-3: -The Battle for Recharter Championing this view was Senator Henry Clay of Kentucky, Jackson’s opponent in the election. Clay’s support for the Bank of the United States was almost entirely predicated on the success of his presidential campaign.

Detailed explanation-4: -Jackson’s distrust of the Bank was also political, based on a belief that a federal institution such as the Bank trampled on states’ rights. In addition, he felt that the Bank put too much power in the hands of too few private citizens–power that could be used to the detriment of the government.

Detailed explanation-5: -At the time Jackson became President in 1828, the Bank of the United States was ably run by Nicholas Biddle, a Philadelphian. But Biddle was more an astute businessman than politician.