The First Bank Of America

Federalist Win Debate

Jan 1, 1791

The debate between federalist and anti-federalist was about whether or not to have a centeralized bank. The federalist won.

Charter is put on the First Bank

Feb 25, 1791

The First Bank of American recieves a charter from Congress.

Dollar is Established as Currency

May 10, 1792

Congress officializes that the dollar will be the nations currency.

Charter Ends

May 10, 1811

Congress denies the renewal of the charter for the First Bank of America.