Jackson’s veto of the rechartering of the Second Bank of the United States on July 10, 1832 was important well beyond the issue of the Bank. Prior to Jackson’s term the veto had been used sparingly by presidents and usually because the president claimed that the proposed Act of Congress was unconstitutional. During the Revolutionary Era, the Founding Fathers had good reason to be leery of executive authority, and they built a Federal system where they assumed that Congress would be the dominant branch. Jackson upset this scheme of government with his twelve vetoes, two more than all of his predecessors combined, and his explicit determination to veto bills on the ground that he believed them to be bad public policy. The Jackson view of the president as having a role in shaping public policy is so engrained now, that few people are aware of what a revolution Old Hickory wrought. Here is his veto message, interspersed with commentary by me: (more…)