Second+National+Bank+of+the+United+States

Although Andrew Jackson vetoed the bill to renew the chapter for the Second National Bank of the United States in 1836, the 20 years that the bank existed and supported the belief of nationalism because it allowed the country to have one central bank that ultimately united the United States in a time of need.
 * Thesis:**



During The War of 1812 the United States had a weak army and navy that was insignificant in comparison to Britain’s. This happened because it was hard to finance the war without a central bank. After the war, John C. Calhoun and Henry Clay successfully revived the First National Bank of the United States. President Madison signed the charted to create the Second National Bank of the United States on April 10, 1816. The bank opened in Philadelphia, Pennsylvania. The bank handled all US Government transactions and was accountable to Congress and US Treasury. Many stocks were invested in the bank. The bank was modeled on Alexander Hamilton’s First Bank of the United States. Many other state banks were against this national bank because they believed that it negatively affected their ability to function. The bank ceased to exist in 1836 after Andrew Jackson vetoed the bill to renew its chapter. The bank continued as a state bank but went bankrupt after 5 years.
 * Context:**

"The bank, Mr. Van Buren, is trying to kill me, but I will kill it." -Andrew Jackson



"Second Bank of the United States." //Second Bank of the United States//. N.p., n.d. Web. 27 Sept. 2012. [].
 * Sources: **

"Second Bank of the United States (1816-1836)." N.p., n.d. Web. 28 Sept. 2012. []. // Infoplease //. Infoplease, n.d. Web. 28 Sept. 2012. [].