Unrestricted Use
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The Second Bank of the United States was chartered in 1816 for a term of 20 years. The time limitation reflected the concerns of many in Congress about the concentration of financial power in a private corporation. The Bank of the United States was a depository for federal funds and paid national debts, but it was answerable only to its directors and stockholders and not to the electorate.
- Subject:
- Social Science
- Social Studies
- Material Type:
- Diagram/Illustration
- Reading
- Provider:
- Independence Hall Association
- Provider Set:
- US History
- Date Added:
- 03/11/2020