Final answer:
Critics of the Second Bank, including Andrew Jackson, charged that it concentrated power among the privileged, was undemocratic, and limited currency and credit for others, ultimately leading to its end.
Step-by-step explanation:
Many critics of the Second Bank of the United States, including President Andrew Jackson, charged that the bank concentrated too much power in the hands of the privileged. Jackson, along with western farmers, diehard states' rights advocates, and working people in Northeastern cities, viewed the bank as an anti-democratic force that limited paper currency and credit, favoring a wealthy elite. The bank's director, Nicholas Biddle, wielded significant power by controlling the nation's currency and credit – a source of criticism that ultimately led to the bank's demise. Jackson's opposition to the bank was part of his broader stance against what he saw as an emblem of special privilege and big government, using this as a rallying point to promote a battle for small government and the interests of ordinary Americans. The Second Bank of the United States, including Andrew Jackson, charged that it concentrated too much power in the hands of the privileged. Critics believed that the bank was an anti-democratic force that favored the wealthy and the Democratic Party. The bank had significant control over the nation's loans and currency, and critics argued that it abused its power.