Bank of the United States

GPTKB entity

Properties (61)
Predicate Object
gptkbp:instanceOf gptkb:Bank
gptkbp:associated_with gptkb:Alexander_Hamilton
gptkbp:capital 10 million dollars
2 million dollars
gptkbp:certifications gptkb:United_States_Congress
gptkbp:challenges 1819 financial crisis
gptkbp:contribution Contributed to economic instability
gptkbp:controversy Constitutionality of charter
gptkbp:currency gptkb:United_States_dollar
Banknotes
gptkbp:dissolved 1811
Political opposition
January 1811
gptkbp:duration 20 years
gptkbp:economicActivity Government loans
gptkbp:environmental_impact Facilitated trade
Stabilized currency
gptkbp:environmentalProtection Early banking regulations
gptkbp:financial_aid National bank
Promoted economic growth
gptkbp:financials Depository services
Fractional reserve banking
Promoted paper currency
gptkbp:founded 1791
gptkbp:headquarters gptkb:Philadelphia,_Pennsylvania
gptkbp:historical_significance First central bank in the U.S.
gptkbp:historicalContext Early_American_banking
Post-Revolutionary_War_economy
https://www.w3.org/2000/01/rdf-schema#label Bank of the United States
gptkbp:impact Set precedent for future banks
U.S._monetary_policy
gptkbp:industry Banking
gptkbp:influence Established banking norms
gptkbp:influenced European_banking_systems
gptkbp:interests Set interest rates
gptkbp:keyPeople gptkb:Thomas_Willing
gptkbp:legacy Foundation for future banks
Influence on future banking systems
gptkbp:legislation Banking Act of 1791
gptkbp:localGovernment Federal oversight
gptkbp:location gptkb:Philadelphia
gptkbp:notable_event First charter expiration
gptkbp:notable_feature Central banking functions
gptkbp:notablePerson gptkb:Robert_Morris
gptkbp:openedIn Political opposition to recharter
gptkbp:operationalStatus Centralized banking
gptkbp:owner Private investors
gptkbp:policy Loans to government
gptkbp:predecessor gptkb:Bank_of_North_America
gptkbp:productionYears 1791-1811
gptkbp:public_perception Divided
Controversial institution
gptkbp:reform Influenced banking reforms.
gptkbp:registration Failed to renew charter
gptkbp:regulates Federal government
gptkbp:related_to gptkb:American_Revolutionary_War
gptkbp:replacedBy gptkb:Second_Bank_of_the_United_States
gptkbp:services Commercial banking
gptkbp:successor gptkb:Second_Bank_of_the_United_States
State-chartered banks
gptkbp:type Federal bank