Jackson’s veto of the charter extension for the Second National Bank prompted the creation of the Whig Party.
Explanation:
President Andrew Jackson's presidential win in 1829 garnered a lot of opposition and criticisms from the beginning. Jackson’s veto of the charter extension for the Second National Bank and also the order to withdraw federal government funds from the Bank of the United States raised a lot of criticisms from a variety of groups. It gave provisions to opponents to create a new political party called The Whig Party.
The Panic of 1837 which soon followed after President Jackson's mishandling of economy gave a strong platform to the Whig Party to gain public support.