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When the second national bank charter was to be renewed in 1832 what did jackson do

User Rosu Alin
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Final answer:

President Andrew Jackson vetoed the renewal of the Second National Bank's charter in 1832 and later removed federal deposits to weaken its influence, leading to the bank's eventual demise.

Step-by-step explanation:

When the Second National Bank's charter was set for renewal in 1832, President Andrew Jackson confronted the matter with decisive opposition. Despite Congress passing legislation for its re-chartering, Jackson executed a veto to prevent this from happening. In the aftermath of his reelection, he further weakened the bank by removing government deposits and placing them in state banks, derisively known as "pet banks." His comprehensive strategy contributed to the Bank War—a political battle centered on the existence of the Second Bank of the United States. President Jackson's measures ultimately led to the demise of the bank when its charter expired in 1836.

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Answer:

Step-by-step explanation:

In 1832, Jackson had vetoed a bill calling for an early renewal of the Second Bank's charter, but renewal was still possible when the charter expired in 1836; to prevent that from happening, he set out to reduce the bank's economic power.

User Muthu Sabarinathan
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