2nd BUS (1 янв 1816 г. – 1 янв 1836 г.)

Описание:

The Second Bank of the U.S. was chartered in 1816 with the same responsibilities and powers as the First Bank. However, the Second Bank would not even enjoy the limited success of the First Bank. Although foreign ownership was not a problem, the Second Bank was plagued with poor management and outright fraud.
Not until Nicholas Biddle became the Bank's president in 1823 did it begin to function as hoped. By the time the Bank had regained some control of the money supply and had restored some financial stability in 1828, Andrew Jackson, an anti-Bank candidate, had been elected President. Although the Second Bank was not a campaign issue, by 1832, four years before the Bank's charter was to expire, political divisions over the Bank had already formed. Pro-Bank members of Congress produced a renewal bill for the Bank's charter, but Jackson vetoed it. Combined with the unanimous 1819 McCulloch ruling, the legal environment of the U.S. had clearly established that central banking, state banking, and paper currency issued by both entities were Constitutional. That the U.S. chose to proceed through the balance of the nineteenth century without a central bank would lead to interesting and creative measures to construct a financial system.

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