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Jackson issued a veto of the renewal of the bank.
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Jackson wanted to end the bank before the charter ended so he pulled the money out of the national bank and deposited it into pet banks.
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wanted the old loans to be paid and didn't want any new loans to be created. Fought back against pet banks by making it harder for people to borrow money and hopes with economic trouble Jackson would return the money.
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Jackson ordered that people could only pay in specie for government land.lead the banks to shut down.
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After Martin was in office for a few month widespread panic filled the country. which was known as the panic of 1837