The Bank War of 1832 was a political struggle between President Andrew Jackson and the Second Bank of the United States. Jackson opposed the bank, believing it to be a corrupt institution that favored the wealthy and powerful. He vetoed the bank's re-charter in 1832 and began withdrawing federal funds from the bank, instead depositing them in state-chartered banks. This caused a financial crisis, as the Second Bank was the only institution capable of managing the nation's finances. The Bank War ended in 1836 when the Supreme Court ruled that the bank was constitutional. Despite this, Jackson continued to oppose the bank and it was eventually dissolved in 1841.
