1st BUS (feb 25, 1791 – feb 25, 1811)

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As the brainchild of Hamilton and the initial reason for the original party split the first Bank of the United States' Charter was allowed to expire during Jefferson's presidency. His redistribution of capital to state banks from a centralized bank eventually would be one of the causes for the panic of 1819. Even though Henry Clay saw this coming and passed the 2nd BUS as a preventative measure. This would only cause the 2nd BUS which was fraught with corruption to become the scapegoat Jackson takes his anger out on.

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