Andrew jackson vetoed the recharter of the bank of the united states partly because he believed that the bank is

Andrew Jackson vetoed the recharter of the Bank of the United States partly because he believed that the bank kept too much money in only a few individuals hands and it was dangerous. Andrew Jackson believed that the money should be with the state banks, not just one huge bank that controlled everything. He felt like the Bank of the United States was unconstitutional and biased, and only kept money in a few of the peoples hands. He believed this bank gave too much privilege to people that were already wealthy, and people with no wealth were left out. When the recharter of the Bank of the United States came along, he rejected the bill, although it was a controversial decision, he believed what he was doing was right for the people.