mar 11, 1816 - 2nd Bank of The United States
Description:
The Contract on the first National bank had expired and had left the country with economic difficulties. The 2nd bank was able to stabilize the economy because inflation had occured due to the War of 1812. The 2nd bank would fail because it had no regulation of state banks and could not charter any other banks.Added to timeline:
Date:
mar 11, 1816
Now
~ 209 years ago