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In 1832-1833, President Andrew Jackson took the controversial action of issuing a veto against the recharter of the Second Bank of the United States, which he viewed as a symbol of elite privilege and corruption. This decision led to a significant political struggle, known as the Bank War, and ultimately resulted in the dismantling of the federal bank's power. Jackson's actions were polarizing, as they garnered support from those who favored a decentralized banking system, while critics accused him of overstepping his presidential authority.

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