Final answer:
President Andrew Jackson opposed the Bank of the United States, leading to its end. The opposition stemmed from fears of federal power expansion and preference for hard currency over paper money.
Step-by-step explanation:
This program, and especially the bank, was opposed by President Andrew Jackson because he feared it would lead to an indefinite expansion of federal authority. Jackson challenged the Bank of the United States during what came to be known as the Bank War. He believed the bank was unconstitutional and favored the use of gold and silver, or specie, as the only safe currencies. By moving government deposits into state-chartered banks and not renewing the national bank's charter, Jackson effectively ended the Second Bank of the United States. His actions reflected a broader skepticism among Western farmers, states' rights advocates, and working people in Northeastern cities towards the national bank and its issuing of paper currency, which they believed limited credit and brought economic misery to the working class.