This document discusses Andrew Jackson's opposition to the rechartering of the Second Bank of the United States. It notes that the bank's president, Nicholas Biddle, tried to use the bank's influence over the money supply to pressure Jackson into reapproving its charter. However, Jackson distrusted banks due to personal financial losses and felt the bank favored wealthy clients over average citizens. When Congress voted to renew the charter, Jackson vetoed it. He then set out to destroy the bank before its charter expired in 1836. After the national bank was gone, the country experienced economic problems like counterfeiting and panics. The Whig Party formed in opposition to Jackson's policies regarding the bank.