Final answer:
Henry Clay and Daniel Webster pressured Nicholas Biddle to request an early recharter of the Bank of the United States in an effort to politically undermine President Andrew Jackson, who opposed the Bank. The plan failed, Jackson vetoed the bill, and was re-elected. The Bank lost its charter in 1836.
Step-by-step explanation:
Henry Clay and Daniel Webster urged Nicholas Biddle to request an early recharter of the Bank of the United States for political reasons. Both Clay and Webster were against the policies of President Andrew Jackson, who was a critic of the Bank. They believed that an early recharter would force Jackson to veto the bill, which they expected would trigger a backlash against Jackson from the business and financial communities and weaken his reelection prospects in 1832. Unfortunately, their strategy did not work; Jackson vetoed the bill and was reelected. The Bank of the United States ultimately lost its charter and ceased to exist in 1836.
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