Because of President Jackson’s veto of its charter, the bank of the United States ceased to operate again.
What was the National bank bill Jackson’s veto?
As the Bank bill was passed Congress, President Jackson vetoed it on the ground that the Bank was unauthorized by the Constitution.
Hence, he announces that the government will no longer use the country's national bank and ordered the removal of all federal funds from the bank.
Therefore, as a result of President Jackson’s veto of its charter, the bank of the United States ceased to operate again.
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