Second Bank of the United States

E10294

The Second Bank of the United States was a federally chartered national bank (1816–1836) that became a central focus of early American financial policy and political conflict, particularly during Andrew Jackson’s presidency.

All labels observed (4)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf defunct bank
federally chartered corporation
national bank
architectOfHeadquarters William Strickland
architecturalStyleOfHeadquarters Greek Revival
authorizedCapital 35 million dollars
charterDuration 20 years
charterGrantedBy United States Congress
charterSignedBy James Madison
charterYear 1816
controversyOver concentration of financial power
constitutionality of a national bank
relationship between federal government and banking system
country United States
disestablished 1836
established 1816
federalDepositsReallocatedTo state “pet banks”
finalFailure 1841
fundsWithdrawnBy Andrew Jackson
governmentOwnershipShare 20 percent
headquartersBuilding Second Bank of the United States building
influenced development of early U.S. central banking
later debates over the Federal Reserve System
issued banknotes redeemable in specie
laterInstanceOf state-chartered bank
listedOn National Register of Historic Places (headquarters building)
locatedIn Philadelphia, Pennsylvania
linked to: Philadelphia
managedFederalDebt yes
opposedBy Andrew Jackson
politicalIssueIn United States presidential election of 1832
predecessor First Bank of the United States
president Nicholas Biddle
presidentTermEnd 1836
presidentTermStart 1823
primaryFunction act as fiscal agent of the U.S. government
regulate credit and state banks
stabilize the national currency
privateOwnershipShare 80 percent
roleIn Bank War
Panic of 1819
servedAs depository of federal funds
stateCharterGrantedBy Commonwealth of Pennsylvania
linked to: Pennsylvania
stateCharterYear 1836
subjectOf Andrew Jackson’s 1832 veto message
successor Independent Treasury System
supportedBy Henry Clay
Nicholas Biddle
vetoedAct Bank recharter bill of 1832
vetoedBy Andrew Jackson

How these facts were elicited

Referenced by (40)

Full triples — surface form annotated when it differs from this entity's canonical label.

Independence National Historical Park hasSite Second Bank of the United States
McCulloch v. Maryland federalEntityInvolved Second Bank of the United States
First Bank of the United States succeededBy Second Bank of the United States
City Tavern site nearbyLandmark Second Bank of the United States
New Hall Military Museum locatedNear Second Bank of the United States
Jacksonian era hasPart Bank War
linked to: Second Bank of the United States
Second Bank of the United States roleIn Bank War
linked to: Second Bank of the United States
Alexander Hamilton's Second Report on the Public Credit proposed Bank of the United States
linked to: Second Bank of the United States
Old City historic district contains Second Bank of the United States
Signers' Garden near Second Bank of the United States
Andrew Jackson notableWork Bank War against the Second Bank of the United States
linked to: Second Bank of the United States
James McCulloch employer Second Bank of the United States
James McCulloch associatedWith Second Bank of the United States
Nathaniel Macon opposed Bank of the United States
linked to: Second Bank of the United States
Era of Good Feelings associatedWithPolicy Second Bank of the United States
Old City, Philadelphia contains Second Bank of the United States
Independent Treasury System relatedTo Second Bank of the United States
Panic of 1819 participant Second Bank of the United States
Panic of 1819 relatedTo Second Bank of the United States
Nicholas Biddle employer Second Bank of the United States
Nicholas Biddle conflict Bank War
linked to: Second Bank of the United States
United States presidential election of 1832 mainIssue Second Bank of the United States
United States presidential election of 1832 mainIssue Bank War
linked to: Second Bank of the United States
American System (economic plan) relatedEvent Second Bank of the United States
Bank Act of 1791 relatedTo Second Bank of the United States
Andrew Jackson presidency majorEvent Bank War
linked to: Second Bank of the United States
William Strickland notableWork Second Bank of the United States
William Strickland employer Bank of the United States
linked to: Second Bank of the United States
William Strickland designed Second Bank of the United States
Specie Circular of 1836 policyContext Bank War
linked to: Second Bank of the United States
Baltimore branch of the Second Bank of the United States partOf Second Bank of the United States
Baltimore branch of the Second Bank of the United States ownedBy Second Bank of the United States
Center City historic area contains Second Bank of the United States
Independent Treasury Act of 1846 relatedTo Second Bank of the United States
Independent Treasury Act of 1840 relatedTo Second Bank of the United States
Bonus Bill of 1817 fundingSourceProposed Second Bank of the United States
Bonus Bill of 1817 relatedInstitution Second Bank of the United States
Second Party System associatedWithEvent Bank War
linked to: Second Bank of the United States
23rd United States Congress hasMajorPoliticalIssue Second Bank of the United States
Independence Mall hasNearbyLandmark Second Bank of the United States