As a result of president jackson’s veto of its charter, the bank of the united states

was divided up and taken over by state banks.
was forced to borrow money to continue operating.
ceased to operate once the charter expired.
had its charter renewed by popular vote.

As a result of President Jackson’s veto of its charter, the Bank of the United States ceased to operate once the charter expired.

Explanation:

The First Bank of the United States was a banking institution legally established in 1791 by the Congress. It was designed by Alexander Hamilton to settle the debts that the country had since the War of Independence and to establish a stable currency. Its creation was opposed by Thomas Jefferson and was involved in a prolonged debate about its constitutionality between the Federalist and Democratic-Republican parties.

This national bank played an unexpected but beneficial role in preventing state banks from the private sector from exceeding their credit capacity, a restriction that some considered a violation of the rights of the states. Meanwhile the agrarian populists identified the institution as an entity of profit and wealth, an enemy of democracy and the interests of ordinary people. The discrepancies over the affairs of the bank were increased in such a way that its decree could not be renewed in 1811, as President Jackson vetoed it.

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