Bank War

The Bank War was a political conflict in the early 1830s between President Andrew Jackson and opponents over the Second Bank of the United States. Jackson believed the bank was unconstitutional and favored wealthy elites. He vetoed its renewal and removed federal funds, depositing them into state banks instead. This challenged the bank's power and aimed to reduce federal influence over the economy. The conflict reflected debates on government intervention, economic control, and the balance of power between federal and state institutions, shaping the future of U.S. financial policy.