oct 25, 1816 - 1816 Second Bank of the US-
Description:
Similar to the first bank, but the financial systems were poor when william jones managed the nations bank. The downfall was caused by lack of state bank regulation from the national banks. Andrew Jackson withdrew the funds from the banks and inserted them into state “pet banks”.https://www.theclio.com/web/ul/29547.67911.jpg
Added to timeline:
Date:
oct 25, 1816
Now
~ 209 years ago