What made the Second Bank of the United States so powerful?

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History

Rory Rodriguez

22 February, 22:28

What made the Second Bank of the United States so powerful?

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Precious Navarro · Answer 1

Jackson. The Second Bank of the United States was chartered for many of the same reasons as its predecessor, the First Bank of the United States. 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.

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