Second Bank of the United States
GPTKB entity
Statements (172)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:Bank
|
| gptkbp:assets |
$35 million
over 5 million dollars over 7 million dollars |
| gptkbp:associated_with |
gptkb:Andrew_Jackson
|
| gptkbp:bank_charter |
20 years
|
| gptkbp:bank_notes |
Issued by the bank
|
| gptkbp:banking_authority |
Held by the bank
|
| gptkbp:banking_challenges |
addressed banking challenges
|
| gptkbp:banking_competition |
Faced from state banks
faced banking competition |
| gptkbp:banking_crisis |
contributed to banking crisis
|
| gptkbp:banking_environment |
shaped banking environment
|
| gptkbp:banking_innovation |
Branch banking
|
| gptkbp:banking_institutions |
influenced banking institutions
|
| gptkbp:banking_legislation |
gptkb:Banking_Act_of_1836
influenced banking legislation |
| gptkbp:banking_policies |
implemented banking policies
|
| gptkbp:banking_reforms |
Inspired by its controversies
initiated banking reforms led to banking reforms |
| gptkbp:branch |
29 branches
|
| gptkbp:capital |
$7 million
35 million dollars Equity and debt |
| gptkbp:certification |
gptkb:U._S._Congress
gptkb:United_States_Congress |
| gptkbp:charter_duration |
20 years
|
| gptkbp:charter_expiration |
1836
|
| gptkbp:closure_type |
gptkb:conflict
1836 Political conflict |
| gptkbp:competitors |
State banks
|
| gptkbp:conflict |
gptkb:Panic_of_1837
responded to financial crises faced economic challenges Led to its dissolution Increased regulation Faced during its charter renewal Faced during its operation experienced financial crises |
| gptkbp:controversy |
Opposition from Andrew Jackson
Andrew Jackson's opposition |
| gptkbp:criticism |
Monopoly on federal funds
|
| gptkbp:currency |
Fiat currency
Banknotes United States Notes Controlled by the bank controlled interest rates |
| gptkbp:dissolved |
1836
Political opposition |
| gptkbp:economic_debates |
About its effectiveness
Surrounding its existence |
| gptkbp:economic_development |
supported economic development
supported economic growth |
| gptkbp:economic_impact |
National economy
Stabilized economy influenced monetary policy had economic impact |
| gptkbp:economic_policy |
Promoted by the bank
shaped economic policies Government loans Credit expansion Interest rate control Influenced by the bank shaped monetary policy |
| gptkbp:established |
1816
|
| gptkbp:established_in |
gptkb:James_Madison
|
| gptkbp:financial_legislation |
Influenced by its existence
|
| gptkbp:financial_policies |
implemented financial policies
|
| gptkbp:financial_stability |
Promoted by the bank
Promoted stability promoted currency stability aimed for economic stability contributed to financial stability |
| gptkbp:financials |
Loans
Deposits loans National banking system Currency issuance Centralized banking Depository for federal funds established banking practices Predecessor to modern banks Set standards for future banks Significant chapter in U. S. history developed financial instruments developed financial practices influenced banking sector part of banking history part of the banking system standardized banking practices |
| gptkbp:founded |
1816
|
| gptkbp:function |
Regulate currency
Serve as a national bank serve as a national bank |
| gptkbp:funding |
received public funding
|
| gptkbp:governance |
gptkb:Board_of_Directors
|
| gptkbp:headquarters |
gptkb:Second_Bank_of_the_United_States_Building
gptkb:Philadelphia |
| gptkbp:historical_context |
Post-War of 1812
|
| gptkbp:historical_debate |
About its role in economy
|
| gptkbp:historical_event |
associated with historical events
|
| gptkbp:historical_legacy |
Foundation for modern banking.
Impact on future banking laws |
| gptkbp:historical_period |
Early 19th century
|
| gptkbp:historical_role |
Central banking
|
| gptkbp:historical_significance |
Second chartered bank in the U. S.
important in U. S. history First central bank in the U. S. |
| https://www.w3.org/2000/01/rdf-schema#label |
Second Bank of the United States
|
| gptkbp:impact |
gptkb:economic_policies
Banking system |
| gptkbp:influence |
American banking system
|
| gptkbp:influenced_by |
gptkb:Alexander_Hamilton
|
| gptkbp:investment |
private investors
|
| gptkbp:is_a_supporter_of |
gptkb:Henry_Clay
|
| gptkbp:is_debated_in |
Bank War
|
| gptkbp:is_monitored_by |
gptkb:Comptroller_of_the_Currency
|
| gptkbp:is_opposed_by |
State banks
|
| gptkbp:is_respected_by |
Contested
Contested by politicians |
| gptkbp:key_figures |
gptkb:Nicholas_Biddle_Jr.
|
| gptkbp:key_people |
gptkb:Nicholas_Biddle_Jr.
|
| gptkbp:legacy |
Influence on future banking legislation
set precedent for future banks Influence on banking system |
| gptkbp:legislation |
gptkb:Banking_Act_of_1816
|
| gptkbp:location |
gptkb:Philadelphia,_Pennsylvania
|
| gptkbp:location_type |
Urban
|
| gptkbp:notable_event |
gptkb:Panic_of_1819
Bank War |
| gptkbp:operates_in |
1836
|
| gptkbp:operational_period |
20 years
|
| gptkbp:operational_status |
Defunct
|
| gptkbp:political_battles |
Over its charter
|
| gptkbp:political_impact |
Federal policies
significant political influence |
| gptkbp:political_party |
gptkb:Andrew_Jackson
|
| gptkbp:predecessor |
gptkb:First_Bank_of_the_United_States
|
| gptkbp:president |
gptkb:Nicholas_Biddle_Jr.
|
| gptkbp:provides_oversight_for |
increased federal oversight
Provided by the bank provided financial oversight |
| gptkbp:public_perception |
controversial
Controversial Controversial institution |
| gptkbp:purpose |
stabilizing the economy
|
| gptkbp:rechartered |
1832
not rechartered after 1836 |
| gptkbp:regulatory_compliance |
gptkb:federal_government
Monetary policy Limited oversight established banking regulations Established by the bank pioneered financial regulation |
| gptkbp:related_to |
gptkb:economic_policies
|
| gptkbp:relationship |
gptkb:U._S._government
|
| gptkbp:replaced_by |
State-chartered banks
|
| gptkbp:role |
Regulating currency
|
| gptkbp:shareholder_composition |
Private and public
|
| gptkbp:significance |
gptkb:economic_policies
|
| gptkbp:strategic_importance |
Stabilizing economy
|
| gptkbp:successor |
gptkb:Federal_Reserve
|
| gptkbp:support |
Business interests
|
| gptkbp:trade_goods |
influenced economic theories
promoted economic theories |
| gptkbp:type |
gptkb:Bank
|
| gptkbp:bfsParent |
gptkb:James_Monroe
gptkb:Andrew_Jackson gptkb:James_Madison |
| gptkbp:bfsLayer |
3
|