THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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war with Spain
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railroad to California
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2nd National Bank
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Constitution
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Detailed explanation-1: -The Second Bank of the United States was the second federally authorized Hamiltonian national bank in the United States. Located in Philadelphia, Pennsylvania, the bank was chartered from February 1816 to January 1836.
Detailed explanation-2: -The Second Bank of the U.S. was chartered in 1816 with the same responsibilities and powers as the First Bank.
Detailed explanation-3: -The War of 1812 had left a formidable debt. Inflation surged ever upward due to the ever-increasing amount of notes issued by private banks. Specie was jealously hoarded. For these reasons President Madison signed a bill authorizing the 2nd Bank in 1816 with a charter lasting 20 years.
Detailed explanation-4: -266) Madison signed the act establishing the second Bank of the United States with a 20 year charter. In January 1817 the Bank opened for business opened in Philadelphia with William Jones as its first president though he resigned that same year.