[261] Meanwhile, Calhoun and Clay began to work on a new compromise tariff. Jackson saw it as an effective way to end the confrontation, but insisted on the passage of the Force Bill before he signed.[262] On March 2, he signed into law the Force Bill and the Tariff of 1833, both of which passed on March 1, 1833. The South Carolina Convention then met and rescinded its nullification ordinance, but nullified the Force Bill in a final act of defiance.[263] Two months later, Jackson reflected on South Carolina's nullification: "the tariff was only the pretext, and disunion and southern confederacy the real object. The next pretext will be the negro, or slavery question".[264]

Bank War and Election of 1832
Main articles: Bank War and Banking in the Jacksonian Era
Bank Veto
Lithograph cartoon of Jackson destroying the Second Bank of the United States with his "Removal Notice" by Zachariah Downing, published by H. R. Robinson (c. 1833). Nicholas Biddle is portrayed as the devil.
A few weeks after his inauguration, Jackson started looking into how he could replace the Second Bank of the United States.