3. Andrew Jackson’s Bank Veto
In 1832, President Andrew Jackson vetoed the recharter of the Second Bank of the United States, challenging the constitutionality of congressional authority. Jackson argued that the bank was monopolistic and unfairly favored the elite, defying Congress’s decision to extend its charter. His veto was a bold assertion of executive power over economic policy, sparking significant debate about the balance of powers and the role of the federal government in financial matters.
