They hoped Jackson would lose votes as a result of his response to the charter renewal.
Step-by-step explanation:
Bank of United States stands to be the storehouse of central financial reserves. The first bank’ license was not renewed as the fiscal policies was restricting economic development. In order to finance the war, money was required and hence the second bank of United States was established.
During the initial years of the bank were difficult and many entrepreneurs and state banks condemned its operational ability. But Henry clay who was the backer of the bank insisted the president of the bank of United States to re charter it. Gradually it became an election campaign issue.
Clay was contesting for president ‘office against Andrew Jackson thought that Jackson would lose votes after the charter of the bank renewed so that it would be easy for him to win the elections but Andrew Jackson overrode it. This gained him victory of the presidential office.