Monday, August 29, 2011

When the Bank of the United States' charter expired in 1811...

  • Congress chartered the Second Bank of the United States later that same year.
  • Federalists urged that the bank be dissolved on the grounds that it was unconstitutional.
  • President James Madison began to invest his own funds in the Bank of the United States.
  • it was not renewed. 
ANSWER: When the Bank of the United States' charter expired in 1811 it was not renewed.

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