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Jackson, the epitome of the frontiersman, resented the bank's lack of funding for expansion into the unsettled Western territories. Jackson also objected to the bank's unusual political and economic power and to the lack of congressional oversight over its business dealings.

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A financial crisis, he thought, would dramatize the need for a central bank, ensuring support for charter renewal in 1836. ... The federal deposits were not returned to the Second Bank, and its charter expired in 1836. President Jackson had won the Bank War

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