Second Bank of the United States (1816–1836)

1. War of 1812 strains U.S. finances

   Jan 1, 1815Labels: War of, State banks

   • Minneapolis Fed
   • Fed History

2. Congress charters the Second Bank

   Apr 10, 1816Labels: Second Bank, James Madison

   • 1816 Act
   • Fed History

3. Bank opens in Philadelphia

   Jan 7, 1817Labels: Second Bank, Philadelphia branch

   • Minneapolis Fed
   • Fed History

4. Credit boom and tightening help trigger Panic

   Jan 1, 1819Labels: Panic of, Credit contraction

   • Panic 1819
   • Fed History

5. Supreme Court upholds national bank authority

   Mar 6, 1819Labels: McCulloch v, Supreme Court

   • National Archives
   • History com

6. Nicholas Biddle becomes bank president

   Jan 6, 1823Labels: Nicholas Biddle, Second Bank

   • Nicholas Biddle
   • Second Bank

7. Jackson challenges the bank’s legitimacy

   Jan 1, 1829Labels: Andrew Jackson, Bank War

   • Britannica
   • Second Bank

8. Congress passes early recharter bill

   Jul 3, 1832Labels: Congress, Recharter bill

   • Britannica
   • National Veto

9. Jackson vetoes the bank recharter

   Jul 10, 1832Labels: Andrew Jackson, Veto

   • LOC Guide
   • History com

10. Federal deposits removed from the bank

    Sep 26, 1833Labels: Federal deposits, Pet banks

    • History com
    • HistoryNet

11. Bank continues under Pennsylvania charter

    Feb 1, 1836Labels: Pennsylvania charter, Second Bank

    • LOC Guide
    • Second Bank

12. Second Bank’s federal charter expires

    Mar 3, 1836Labels: Charter expiration, Second Bank

    • 1816 Act
    • LOC Guide