USA HISTORY

Detailed explanation-1: -Andrew Jackson vetoed the bill re-chartering the Second Bank in July 1832 by arguing that in the form presented to him it was incompatible with “justice, ” “sound policy” and the Constitution.

Detailed explanation-2: -Maryland (1819). President Andrew Jackson disagreed. Jackson-like Jefferson and Madison before him-thought that the Bank of the United States was unconstitutional. When Congress voted to extend the Second Bank’s charter in 1832, Jackson vetoed the bill.

Detailed explanation-3: -The Bank War was the political struggle that ensued over the fate of the Second Bank of the United States during the presidency of Andrew Jackson. In 1832, Jackson vetoed a bill to recharter the Bank, and began a campaign that would eventually lead to its destruction.

Detailed explanation-4: -President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War."

Detailed explanation-5: -President Andrew Jackson, like Thomas Jefferson before him, was highly suspicious of the Bank of the United States. He blamed the bank for the Panic of 1819 and for corrupting politics with too much money. After congress renewed the bank charter, Jackson vetoed the bill.