Bank of the United States

The Bank of the United States was a national bank established in the early 19th century to manage government funds, regulate currency, and promote economic stability. It served as a central financial institution, providing a safe place for the government’s money and helping to stabilize the economy by issuing a stable national currency. The bank was privately operated but authorized by the federal government, and it played a significant role in shaping American economic policy. Its existence was controversial, with supporters highlighting its stability and critics arguing it concentrated too much power in private elites. The bank's charter was ultimately not renewed in 1836.