The End of the Bank

The Republican party greatly underestimated the public resentment towards the Bank. The Bank tried to change the public opinion by protesting "King Andrew" by printing out his veto message and passing them out around the country. The Bank was disappointed when it came time for re-election and the most of the public still sided with Jackson and he won the re-election in November. after being re-elected Jackson used his advantage by ordering a withdraw of all federal refunds from the Bank. He had to fire two treasury secretaries before one of them carried out his order. Without the money of the federal government the bank had virtually no money to be able to loan out so that they could get that money back plus interest. The Bank was pretty much crippled the Bank until its charter expired in 1836. Jackson considered himself to be completely victorious. The bad thing behind Jackson firing the two treasury secretaries and withdrawing the funds was the he became the first and only president to be censured in American history. though Jackson was censured the victory was very important for future president because it increased their power and started a trend to exert more authority.