Lead: In 1832 President Andrew Jackson vetoed the bill renewing the charter of the Second Bank of the United States. His act was driven by principle and by pride.

Intro.: A Moment in Time with Dan Roberts.

Content: One of the great dividing issues in United States history has been the proper role of the federal government in national financial affairs. It is difficult to imagine in the twenty-first century, when the Federal Reserve System is considered such a natural and essential part of the economic life of America, that there was a time when central banks, such as the Reserve, were the subject of violent opposition.