This bill passed Congress, but Jackson vetoed it, declaring that the Bank was "unauthorized by the Constitution, subversive to the rights of States, and dangerous to the liberties of the people." After his reelection, Jackson announced that the Government would no longer deposit Federal funds with the Bank and would place them in state banks.
destroying the bank; its charter officially expired in 1836.
Explanation:
The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson
In what became known as the “Cornerstone Speech,” Stephens argued that the new Confederate government was based upon “the great truth that the negro is not equal to the white man.
