Banking Act of 1791

GPTKB entity

Statements (58)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:addressed national debt
gptkbp:allows state banks
government to hold stock in the bank
gptkbp:created a central bank system
gptkbp:duration 20 years
gptkbp:economic_impact of the early United States
gptkbp:effective_date February 25, 1791
gptkbp:enacted_by gptkb:legislation
the states
gptkbp:established gptkb:George_Washington
gptkb:First_Bank_of_the_United_States
gptkbp:founded gptkb:the_Second_Bank_of_the_United_States
gptkbp:historical_debate gptkb:the_Supreme_Court
in Congress
the Constitutional Convention.
https://www.w3.org/2000/01/rdf-schema#label Banking Act of 1791
gptkbp:increased government revenue
gptkbp:influenced future banking legislation in the U. S.
gptkbp:influenced_by gptkb:Alexander_Hamilton
European banking systems
gptkbp:is_aimed_at stabilizing the economy
reducing state bank power
gptkbp:is_challenged_by state legislatures
gptkbp:is_considered a landmark legislation
gptkbp:is_criticized_for gptkb:Anti-Federalists
favoring the wealthy
in its time
gptkbp:is_designed_to create a stable currency
gptkbp:is_implemented_in gptkb:government_agency
charters
gptkbp:is_influential_in the development of U. S. banking system
gptkbp:is_opposed_by gptkb:Thomas_Jefferson
gptkb:James_Madison
gptkbp:is_part_of the Federalist agenda
Hamilton's financial plan
the early financial framework of the U. S.
gptkbp:is_supported_by gptkb:John_Adams
gptkb:Federalists
gptkbp:led_to debate over federal vs. state banking authority
the creation of a national bank system
gptkbp:mandates a capital of $2 million
gptkbp:military_branch across the United States
gptkbp:provides government loans
for a board of directors
gptkbp:purpose create a national bank
gptkbp:regulates currency issuance
gptkbp:regulatory_compliance gptkb:Bank
gptkbp:related_to financial system of the United States
gptkbp:repealed_by Banking Act of 1863
gptkbp:replaced_by gptkb:National_Banking_Act
gptkbp:requires annual reports from the bank
gptkbp:resulted_in establishment of a national currency
gptkbp:set_in bank charters
gptkbp:signed_by gptkb:George_Washington
gptkbp:significance first federal banking legislation
gptkbp:bfsParent gptkb:First_Bank_of_the_United_States
gptkbp:bfsLayer 5