the Second Bank of the United States

GPTKB entity

Statements (61)
Predicate Object
gptkbp:instance_of gptkb:Bank
gptkbp:bfsLayer 3
gptkbp:bfsParent gptkb:Andrew_Jackson
gptkbp:associated_with Monetary policy
gptkbp:business_model Central banking model
gptkbp:capital 35 million dollars
gptkbp:certification gptkb:legislation
gptkbp:competitors Faced competition from state banks
gptkbp:conflict gptkb:Panic_of_1819
Faced economic downturns
gptkbp:controversy Political opposition
gptkbp:current_champion Populists
gptkbp:diplomatic_relations Managed government funds
gptkbp:dissolved 1836
Political conflict
gptkbp:economic_impact Set precedent for future banks
Stabilized currency
gptkbp:established gptkb:James_Madison
gptkbp:financial_performance Promoted economic growth
gptkbp:financial_products Foundation for modern banking system
Depository for federal funds
Issued loans
Key part of U. S. banking history
Promoted sound banking
gptkbp:founded 1816
gptkbp:function Federal banking system
gptkbp:governed_by gptkb:Nicholas_Biddle_Jr.
gptkbp:governing_body gptkb:government_agency
gptkbp:headquarters gptkb:Philadelphia
gptkbp:historical_analysis Subject of many studies
gptkbp:historical_context Post-War of 1812
gptkbp:historical_significance gptkb:First_successful_central_bank_in_the_U._S.
https://www.w3.org/2000/01/rdf-schema#label the Second Bank of the United States
gptkbp:in-game_currency Banknotes
gptkbp:influence gptkb:government_agency
gptkbp:innovation Introduced new banking practices
gptkbp:is_a_supporter_of Business interests
gptkbp:is_criticized_for Concentration of power
gptkbp:is_respected_by Eroded over time
gptkbp:legacy Legacy of central banking in the U. S.
Influenced future banking laws
gptkbp:legislation gptkb:Banking_Act_of_1816
Influenced banking reforms
gptkbp:location gptkb:Philadelphia,_Pennsylvania
gptkbp:market Influenced monetary theory
gptkbp:notable_figures gptkb:Andrew_Jackson
gptkbp:operational_area 1816 to 1836
gptkbp:political_party Influenced U. S. political landscape
gptkbp:predecessor gptkb:First_Bank_of_the_United_States
gptkbp:president gptkb:Nicholas_Biddle_Jr.
gptkbp:public_perception Controversial
gptkbp:regulatory_compliance gptkb:Bank
Oversaw state banks
gptkbp:replaced_by State banks
gptkbp:restoration Failed in 1832
gptkbp:role Lender to the government
gptkbp:significant_event Bank War
gptkbp:strategic_importance Stabilizing the economy
gptkbp:successor gptkb:National_Bank_Act
gptkbp:supports Monitored state banks
gptkbp:type Federal bank