First Bank of the United States Act

GPTKB entity

Statements (46)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:capital 10 million dollars
gptkbp:certification 1791
gptkbp:controversy state vs federal power
gptkbp:date_enacted 1791
gptkbp:dissolved 1811
gptkbp:duration 20 years
gptkbp:economic_impact promoted trade
increased federal revenue
fostered economic growth
stabilized currency
gptkbp:enacted_by gptkb:United_States_Congress
gptkbp:financials currency issuance
private banking services
loans to the government
government deposits
gptkbp:governed_by gptkb:Board_of_Directors
gptkbp:headquarters gptkb:Philadelphia
gptkbp:historical_significance first federally chartered bank
https://www.w3.org/2000/01/rdf-schema#label First Bank of the United States Act
gptkbp:impact federal financial system
gptkbp:influenced_by gptkb:Alexander_Hamilton
gptkbp:is_opposed_by gptkb:Thomas_Jefferson
gptkb:James_Madison
gptkbp:legacy debate over central banking
establishment of a national financial system
foundation for modern banking
influence on future banking legislation
gptkbp:legislation gptkb:National_Bank_Act
Second Bank of the United States Act
gptkbp:location gptkb:Philadelphia
gptkbp:purpose establish a national bank
gptkbp:related_event gptkb:Creation_of_the_Federal_Reserve
gptkb:Establishment_of_the_U._S._Treasury
gptkb:American_Revolution
gptkb:Constitution
gptkb:Panic_of_1819
gptkb:War_of_1812
gptkbp:related_to Banking in the United States
gptkbp:repealed_by Second Bank of the United States Act
gptkbp:signed_by gptkb:George_Washington
gptkbp:successor gptkb:Second_Bank_of_the_United_States
gptkbp:support gptkb:Federalists
Hamiltonians
gptkbp:bfsParent gptkb:the_Bank_of_the_United_States
gptkbp:bfsLayer 4