The Rise and Fall of the Bank of the United States

This chapter explores the establishment and significance of the first Bank of the United States, emphasizing its impact on federal finance and the American economy. It details the controversial chartering process, operational challenges, and the bank's pivotal role during crucial periods like the War of 1812. The narrative also covers the eventual rechartering of the Bank in 1816 and the evolving nature of central banking in the United States.