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Its located in philidelfia made February 1816

the Second Bank was chartered by President James Madison in 1816

Was made to eliminate finacial choas

Slowly managed to regain the trust of the national bank system.
Like the first bank the second one was limited to a 20 year charter
Even though many trusted the bank system many people even president Andrew Jackson didnt like the idea of the banking system.

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The first bank of the united states was a national bank  chartered for a term of twenty years, by the United States Congress on February 25, 1791.
The first bank followed the Bank of North America, the nation's first de facto central bank.

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In 1836, some states adopted free banking laws.
Free banking is when only state- chartered banking existed.

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The Federal Reserve System is the central banking system of the United States of America.

It was created on December 23, 1913
It was created  after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
There responsibilities are to include influencing the supply of money and credit

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The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939.
It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
The Fed helped restore the confidence in the nation's banking system, But it couldnt prevent the Great Depression.

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Merchants acted as banks

Untrustworthy because there were no laws in place, hope for a nice merchant

Informal banks

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Anti Federalists  distrusted a strong central government

Federalists wanted a strong central government

After American Revolution

Anti federalists wanted the states in charge

Hamilton wanted a central bank

Federalists wanted out and implemented first national bank