Bank Act of 1791

GPTKB entity

Statements (68)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:amended_by subsequent banking legislation
gptkbp:authorized_capital 10 million dollars
gptkbp:banking_competition increased competition among banks
gptkbp:banking_infrastructure developed banking infrastructure
gptkbp:banking_innovation encouraged financial innovation
fostered banking innovation
gptkbp:banking_legislation paved the way for future banking legislation
gptkbp:banking_policy influenced banking policy
gptkbp:banking_reform initiated banking reform
gptkbp:chartered_bank gptkb:First_Bank_of_the_United_States
gptkbp:conflict addressed issues from
gptkbp:controversy federal vs. state banking powers
gptkbp:currency_stabilization promoted
gptkbp:date_enacted 1791-02-25
gptkbp:economic_development facilitated economic development
gptkbp:economic_impact stimulated economic growth
gptkbp:economic_policy influenced monetary policy
centralized banking
established an economic policy framework
shaped U. S. economic policy
shaped government policy on banking
gptkbp:enacted_by gptkb:United_States_Congress
gptkbp:established gptkb:First_Bank_of_the_United_States
gptkbp:established_charter 20 years
gptkbp:federal_reserve_system predecessor to the
gptkbp:financial_access improved financial access for citizens
gptkbp:financial_crisis_management aided in financial crisis management
gptkbp:financial_stability aimed for financial system stability
aimed to ensure
contributed to economic stability
gptkbp:financial_system_reform led to financial system reform
gptkbp:financials gptkb:coins
promoted financial literacy
standardized banking practices
established a national
introduced new financial instruments
promoted access to banking services
significant event in banking history
transformed the banking sector
transformed the financial system
gptkbp:governing_body establishment of a national currency
gptkbp:headquarters gptkb:Philadelphia
gptkbp:historical_context post-Revolutionary War America
gptkbp:historical_significance foundation of modern banking system
https://www.w3.org/2000/01/rdf-schema#label Bank Act of 1791
gptkbp:impact federal banking system
gptkbp:influenced_by gptkb:economic_policies
gptkbp:investment encouraged capital investment
gptkbp:is_opposed_by gptkb:Anti-Federalists
gptkbp:is_supported_by gptkb:Federalists
gptkbp:legacy influenced future banking laws
gptkbp:legislative_debate intense
gptkbp:legislative_framework for future banking legislation
gptkbp:local_government increased in banking
gptkbp:location gptkb:United_States
gptkbp:modern_relevance U. S. financial history
gptkbp:national_debt managed national debt
gptkbp:notable_figures gptkb:Alexander_Hamilton
gptkbp:president gptkb:Thomas_Willing
gptkbp:public_perception divided
gptkbp:purpose to create a national bank
gptkbp:regulatory_compliance set standards
established financial regulations
gptkbp:related_to gptkb:financial_regulation
gptkbp:repealed_by gptkb:Bank_Act_of_1816
gptkbp:bfsParent gptkb:Bank_of_the_United_States
gptkbp:bfsLayer 4