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They created this bank due to a downturn that has occured and they hope this bank will lead to the United States being better economically.
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This is when Jackson vetoed and denounced monopoly and special privellage in the Second Bank
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Jackson ordered an end to federal deposits to the bank and gradual withdrawls of money in the bank
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The bank dissolved due to political fears
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Democratic Martin Van Buren won this election which Jackson is also a Democrat so their views agreed on the Second Bank.
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This was bad for Jackson because Whig General William Henry Harrison won and his political party was against Jackson and his beliefs.
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