Bank of the United States (1816-1836) records, 1817-circa 1848.

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Bank of the United States (1816-1836) records, 1817-circa 1848.

http://www.worldcat.org/oclc/71131571

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Library of Congress

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SNAC Resource ID: 8077149

Library of Congress

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Bank of the United States (1816-1836)

http://n2t.net/ark:/99166/w6gn209h (corporateBody)

In 1816, the Bank of the United States was rechartered, the first charter having expired in 1811, in an attempt to stabilize the national currency. Within the first three years, the bank was nearly ruined due to mismanagement. Langdon Cheves was elected president of its board of directors in 1819 and restored the bank's credit. In 1822, he resigned the post and was succeeded by Nicholas Biddle. The national charter for the bank expired in 1836, but Biddle kept the bank in operation until 1841, u...