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The First Bank of the United States was created
The government was in debt and needed the bank. The first bank's charter was drafted in 1791. This date is important because without the first bank of the United States, where would we be now? -
Second Bank of the U.S was chartered
The second bank of The United States was chartered in 1816. It has the same responsibilities and powers as the First Bank. With the second bank the United States pressures state banks to limit lending and maintain gold and silver reserves. -
End of Second Bank's charter
1830-1860 was the end of the Second Bank's Charter. The money kept going up and down, having unstable prices and business activity. President Jackson won the bank war.