Sunday, 13 January 2008

Original US central banks

Here's a quick summary of the original US central banks:

Bank of North America (formed before the Constitution was written) -- did not have its charter renewed by Congress, and closed in 1783

Bank of the United States, formed in 1791 (encouraged by Hamilton) -- fought by Jefferson, its charter was not renewed by Congress in 1811

Second Bank of the United States, formed in 1816 -- fought by Jackson, its charter expired in 1836
Jefferson's portrait is now on US $2 bills.
Hamilton is now on US $10 bills.
Jackson is now on US $20 bills.

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