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It's four letters long and the second letter is the letter a.

2007-02-23 10:32:14 · 4 answers · asked by Average Joes 4 in Arts & Humanities History

4 answers

BANK

The Second Bank of the United States was a bank chartered in 1816, five years after the expiration of the First Bank of the United States. It was founded during the administration of U.S. President James Madison out of desperation to stabilize the currency. The Second Bank of the United States was located in Philadelphia, Pennsylvania, where its building, designed by the architect William Strickland, still stands as part of Independence National Historical Park.

The Bank served as the repository for Federal funds until 1836, when its charter expired after President Andrew Jackson refused to recharter it after a famous dispute with the Bank's president, Nicholas Biddle. The Bank then became a private institution until it became defunct in 1841.

2007-02-23 12:04:43 · answer #1 · answered by Anonymous · 0 0

that's a multi faceted question. on the midsection of it became that Jackson and a team of investors had misplaced very much of money contained in the overdue youth in a land hypothesis deal by means of fact the BUS had very conservative lending rules and over ruled the loans of a smaller state economic institution. BUS had heavy funding from foreigners extremely tremendous Britain who Jackson did no longer like. BUS became allied with the conservative Northeastern enterprise pursuits who have been Jackson's political enemies. John Q. Adams and Nicolas Biddle have been bitter combatants of Jacksonian Democrats. whilst the economic institution grew to become a political difficulty supported by using Henry Clay contained in the election of 1832 Jackson went after it complete bore. After vetoing the recharter invoice and subsequently putting the point for the economic institution to slowly pass into extinction he withdrew all Federal money from the economic institution that merely approximately at present delivered approximately its death. He unfold those money around to smaller "puppy banks" who took them as a eco-friendly gentle to strengthen lending practices. lots of those loans became utilized in land hypothesis deals contained in the west and quickly there became runaway inflation maximum excellent to Jackson issuing the Specie around which referred to as for all federal lands to be paid for in hard money which became in brief grant. the result became a economic institution panic which prompted the Panic of 1837.

2016-12-18 09:39:46 · answer #2 · answered by ? 3 · 0 0

I hope you meant "Monster." .... because the (non)word Konster kind of freaks me out.

Anyway, Jackson called the Second United States Bank the "monster."

2007-02-23 11:57:23 · answer #3 · answered by Crash Jones 3 · 0 0

Hey, my ex is Joseph Taylor. Where you at? LOL?

2007-02-23 10:36:01 · answer #4 · answered by Anonymous · 0 1

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