The American System Part 4: The 2nd Bank of the U.S.

The establishment of a national bank was a key part of Henry Clay’s American system. This video explores the controversial beginnings of the 2nd Bank of the U.S. to its final death at the hands of Andrew Jackson and his allies. The bank’s constitutionality and economic impact will be highlighted.

Historical Topics Covered:

Alexander Hamilton’s American System
National Bank Bill 1791
Henry Clay’s 1811 Opinion on National Bank’s Constitutionality
2nd Bank of the U.S.
Inflation and Deflation of Money Supply
Panic of 1819
McCulloch V. Maryland
Democratic Party Monetary Policy
Andrew Jackson vs. the National Bank
Andrew Jackson’s Veto of Recharter

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