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The Panic of 1819 and the Second Bank of the United States
Bruner, Robert F.; Murphy, Sharon AnnCase DARDEN-F-1815-EFinanceIn 1822, the directors of the Second Bank of the United States contemplated the election of a new president of the bank. The policies of the new president would either continue those of the retiring incumbent, which had contracted the nation’s money supply, restoring the bank’s stability after a panic but also stoking outrage across the United States, or deviate from them to support national economic development by providing more credit and a sou...Starting at €8.20