Final answer:
Andrew Jackson vetoed the re-charter of the Bank of the United States in 1832, effectively ending its existence as a national institution. He believed the Bank had too much power, was unconstitutional, and favored the rich over the common people.
Step-by-step explanation:
In 1832, Andrew Jackson approached the re-charter of the Bank of the United States by vetoing its bill. Jackson believed that the Bank had too much power and favored the rich over the common people. He argued that the Bank was unconstitutional and violated the principles of states' rights.
By vetoing the Bank's re-charter, Jackson effectively ended its existence as a national institution. He then proceeded to remove the government's deposits from the Bank and transferred them to state-chartered banks.
This move led to economic instability and eventually to the Panic of 1837, but it also demonstrated Jackson's commitment to his belief in limited government and his support for states' rights.
Learn more about Andrew Jackson's approach to the re-charter of the Bank of the United States