what was the need for restoration of national banking system?
National security concerns during the War of 1812
Bank War
The arguments in favor of reviving a national system of finance, as well as internal improvements and protective tariffs, were prompted by national security concerns during the War of 1812. The chaos of the war had, according to some, "demonstrated the absolute necessity of a national banking system"
who opposed the 1st bus but later supported the 2nd bus UNANSWERABLE what is bank war? The political struggle that developed over the issue of rechartering the Second Bank of the United States
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Bank War [SEP] Resurrection of a national banking system
At that time, bank notes could be exchanged for a fixed value of gold or silver. The arguments in favor of reviving a national system of finance, as well as internal improvements and protective tariffs, were prompted by national security concerns during the War of 1812. The chaos of the war had, according to some, "demonstrated the absolute necessity of a national banking system". The push for the creation of a new national bank occurred during the post-war period of American history known as the Era of Good Feelings. There was a strong movement to increase the power of the federal government.