History of the United States I / Unit 10 USH1 1381 short lesson, about 20 seconds
The Two Banks
Captions available
The idea
The First Bank was established in seventeen ninety-one and its charter expired in eighteen sixteen. The Second Bank was approved that year with a twenty-year charter set to expire in eighteen thirty-six.
In practice
More than two hundred banks each issuing paper money with no standard value.
Where people slip
That chaos had contributed to the Panic of eighteen nineteen, taught in entry 1222.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
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