-
The Second Bank of the United States was chartered for 20 years. The bank was put in place because after the first bank not being renewed the state-chartered banks were in-charge of the money which created a lot of confusion. It was also clear that the states could not provide the people with a reliable currency. Which is why the second bank was put in place. -
Jackson’s political opponents were in a common opposition against him, the common party was called the Whigs. The Whigs came together after the election campaign of 1832. The Whigs were too divided to have a leader, then decided that Van Buren would be their leader. -
Andrew Jackson ordered an end to the deposits of government money into the bank, characterized as a "pet bank" by the opposition.
-
Andrew Jackson refused to renew the bank because he did not like the lack of funding for expansion into the unsettled Western territories.
-
After Jefferson did not want to renew the bank it went private to take away the issue that Jefferson saw.