Final answer:
President Jackson wanted the Second Bank of the United States abolished because he believed it concentrated too much power in the hands of the privileged few and that it was unconstitutional.
Step-by-step explanation:
President Jackson wanted the Second Bank of the United States abolished because he believed it concentrated too much power in the hands of the privileged few and that it was unconstitutional. Jackson viewed the bank as an anti-democratic force and favored hard currency like gold and silver over paper money.
President Jackson sought to abolish the Second Bank of the United States because it concentrated power among the privileged and he deemed it unconstitutional, reflecting his preference for hard currency and supporting the majority over the elite.
The main reason President Jackson wanted the Second Bank of the United States abolished was that he believed it concentrated too much power in the hands of the privileged and it was unconstitutional. Jackson, a staunch supporter of hard currency (gold and silver), viewed the bank as a tool for eastern elitism and against the common man. His distrust for paper currency and the bank's issuance of it motivated his actions to dismantle the institution during a period known as the Bank War. He successfully ended the bank's charter in 1836, aligning with his belief that the government should protect the interests of the majority rather than the few.