During the bank recharter bill era, President Andrew Jackson vetoed the recharter of the Second Bank of the United States in 1832. He believed the bank had too much power and was unconstitutional. Jackson's veto and his subsequent actions led to the eventual demise of the bank when its charter expired in 1836. After the expiration of the bank's charter, state-chartered banks took over its functions, contributing to a period of financial instability known as the Free Banking Era. Jackson's actions significantly impacted the country's banking and financial system, shaping the future of American finance.