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Why did Andrew Jackson oppose the national bank?

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Quick Answer

President Andrew Jackson opposed the Second Bank of the United States because he believed that it held too much power without accountability and that it was unconstitutional.

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Why did Andrew Jackson oppose the national bank?
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Full Answer

Moreover, Jackson felt that the national bank was a threat to the American economy and to the American people. Between 1832 and 1833, Jackson used his presidential veto to dismantle the Second Bank of the United States by vetoing its congressional recharter. During 1833, he took further action against the national bank system by removing federal funds from the Second Bank of the United States and relocating the capital into loyal state banks throughout the nation.

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