- Many Americans disliked the Bank. They opposed the way the Bank restricted loans made by state banks. Americans feared that state banks were making too many loans. Farmers and Merchants were angered because Bank directors often limited the amount of money banks could lend. Andrew Jackson was the Bank's most powerful enemy. Jackson called the bank "the Monster." According to Jackson, the Bank allowed a tiny group of wealthy people to enrich themselves at the expense of ordinary people. Jackson believed that the wealthy stood for unfair privilege.
- The balance of federal and state powers had differing viewpoints. Biddle got Congress to renew the Bank's charter in 1832, although the charter still had four years to go. Jackson vetoed the bill immediately. The fight over the Bank became a major issue in the presidential election of 1832.
- South Carolina threatened to secede from the Union. Congress passed another tariff law in 1832.