In a paragraph, explain why President James Madison authorized the Second Bank of the United States. What problem was he trying to solve? What problems did this bill create?

Answers

Answer 1

Explanation:

The Second Bank of the United States was chartered for many of the same reasons as its predecessor, the First Bank of the United States. The War of 1812 had left a formidable debt. Inflation surged ever upward due to the ever-increasing amount of notes issued by private banks. Specie was jealously hoarded. For these reasons President Madison signed a bill authorizing the 2nd Bank in 1816 with a charter lasting 20 years.The Second Bank of the U.S. was chartered in 1816 with the same responsibilities and powers as the First Bank. However, the Second Bank would not even enjoy the limited success of the First Bank. Although foreign ownership was not a problem (foreigners owned about 20% of the Bank's stock), the Second Bank was plagued with poor management and outright fraud (Galbraith). The Bank was supposed to maintain a "currency principle" -- to keep its specie/deposit ratio stable at about 20 percent. Instead the ratio bounced around between 12% and 65 percent. It also quickly alienated state banks by returning to the sudden banknote redemption practices of the First Bank. Various elements were so enraged with the Second Bank that there were two attempts to have it struck down as unconstitutional.


Related Questions

What is the best way to determine whether the historians interpretation is valid?

Answers

Answer: Observe what sources they cite for their claims, and search for any biased tones in the text

what do modern marriages and Renaissance marriages have in common?​

Answers

Answer:

Modern marriages and Renaissance marriages were for love, until people started marrying people for social or political gain, and now they are for love again in common marriages.

How many miles is it from Aswan to Giza?​

Answers

Answer:

538.8 mi

Explanation:

It’s about 541 miles from Aswan to Giza.

6. When President Kennedy ordered the Soviet Union to remove the missiles
from Cuba, he also ordered a blockade of the island. How would the
blockade have helped Kennedy achieve his objective of getting missiles out
of Cuba?

Answers

Answer:

After many long and difficult meetings, Kennedy decided to place a naval blockade, or a ring of ships, around Cuba. The aim of this "quarantine," as he called it, was to prevent the Soviets from bringing in more military supplies. He demanded the removal of the missiles already there and the destruction of the sites.

What are four elemental Properties of nature?

Answers

Earth, Water, Air, and Fire. The ancient Greeks believed that there were four elements that everything was made up of: earth, water, air, and fire. This theory was suggested around 450 BC, and it was later supported and added to by Aristotle

capital of india????????????​

Answers

Answer:

Explanation:

NEW DELHI

Answer:

The capital of india is new delhi

Question 5
What was it about the Model-T that was revolutionary? (choose 2)
It was made with mass-production
It had an internal combustion engine
It was cheap
It was the first car made in America

Answers

Answer:

a and c

Explanation:

mass production allowed cars to be made faster and cheaper making the selling price to the public also more affordable to the average worker

What conclusions can you draw about
the men who wrote the constitution ?

Answers

The men that wrote the United States Constitution were federalists, liberals and God fearing.

The US Constitution was written by James Madison after he compiled the works of several founding fathers found in the Declaration of Independence and Articles of Confederation.

Some of the Founding Fathers who made significant contribution to the US Constitution include:

Thomas JeffersonJames MadisonJohn AdamsThomas PainePatrick Henry

Some of the core values of the US Constitution include liberty, equality and democracy and this had to do with setting up the various arms of government, putting up checks and balances to prevent misuse of power from one arm and giving citizens the most power to choose their leaders.

Therefore, the men who contributed to the US Constitution had the interests of the country at heart.

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Answer:

dd

Explanation:

dd

can anybody help me with history? im learning about religion in early civilizations.

Answers

Early civilizations were often unified by religion—a system of beliefs and behaviors that deal with the meaning of existence. As more and more people shared the same set of beliefs and practices, people who did not know each other could find common ground and build mutual trust and respect.
It was typical for politics and religion to be strongly connected.

In some cases, political leaders also acted as religious leaders. In other cases, religious leaders were different from the political rulers but still worked to justify and support the power of the political leaders. In Ancient Egypt, for example, the kings—later called pharaohs—practiced divine kingship, claiming to be representatives, or even human incarnations, of gods.

Both political and religious organization helped to create and reinforce social hierarchies, which are clear distinctions in status between individual people and between different groups. Political leaders could make decisions that impacted entire societies, such as whether to go to war. Religious leaders gained special status since they alone could communicate between a society and its god or gods.

Pls give me a brainliest if this helped thx

The Continental Congress proclaimed the hero at Saratoga was:

Answers

Answer:

Horatio Gates

Explanation:

YEEEEEET

who invented the momulesa. please answer

Answers

Answer:

leonardo da Vinci

Leonardo da Vinci began painting the Mona Lisa in 1503, and it was in his studio when he died in 1519.

Explanation:

that last one always makes me laugh

Identify one constitutional trait of the federal judicial branch or of the Supreme Court designed to ensure the judicial branches independence

Answers

Answer:

Interpreting state laws;

Settling legal disputes;

Punishing violators of the law;

Hearing civil cases;

Protecting individual rights granted by the state constitution;

Determing the guilt or innocence of those accused of violating the criminal laws of the state;

What were the causes and effects of the Bozeman trail

Answers

The flow of pioneers and settlers through territory of American Indians provoked their resentment and caused attacks.

The year is 1249 and Aryeh is headed into a large market in search of some silk for a gown he would like to have made for his wife. The traders in the stalls sneer at Aryeh, but he ignores them. He finds a seller who has beautiful silk fabric for sale. As he approaches the stall, the seller calls out, "I don’t sell to Jews." How did the seller MOST likely know that Aryeh was Jewish? A. Jews had much darker skin than most European residents. B. It was obvious that Aryeh was wealthier than anyone else there. C. Jews were never found in the area during the 13th century. D. Jews of his day were required to wear distinctive clothing.

Answers

The seller most likely knew that Aryeh was Jewish because D. Jews in his day were required to wear distinctive clothing.

There was a lot of anti-Semitism in Europe during the Middle Ages because Christians blamed them for the death of Jesus Christ.

As a result, Jews were regularly subjected to harsh treatment such as :

Discrimination Forced to wear clothes that showed they were Jewish Pogroms and massacres

Conclusively speaking therefore, Aryeh was most probably wearing something that showed he was a Jew such as a hat.

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Answer:

D.

Jews of his day were required to wear distinctive clothing.

Explanation:

Why do you think there is so much political unrest in central and South America

Answers

Answer:

Latin America's citizens are angry at their political systems due to corruption and a lack of results on citizen security and economic promises. They are upset about inequality, low growth and the increasing cost of living.

Explanation:

What is the oldest museum in world???​

Answers

Answer:

The Capitoline Museums

What is the name of the main mode of water transportation used in the arctic region?

Answers

The sea route along the north coast of Eurasia, at first known as the Northeast Passage and later called the Northern Sea Route, carries the largest volume of traffic of any Arctic seaway.

Source: https://www.britannica.com/place/Arctic/Transportation#:~:text=The%20sea%20route%20along%20the,traffic%20of%20any%20Arctic%20seaway.

who ruled most of Europe during the 1600 and 1700's​

Answers

Answer:

the Kingdom of France of Louis XIV

Explanation:

That was where royal power was solidified domestically in the civil war of the Fronde.

9) Were the ancient Chinese monotheistic or polytheistic?

Answers

The answer is polytheistic
:))

Determine whether each act was meant to restrict the colonists, tax the colonists,
or both. (ig there’s more than one answer)

Answers

The stamp act and the Townshend act was to tax the colonists while the tea act, the currency act and the coercive act was to restrict the colonists.

The stamp act was to tax the coloniststhe Townshend act was to tax the colonistsThe tea act was to restrict the colonists.The currency act was to restrict the colonistsThe coercive intolerable act was to punish and restrict the colonists

The tax act was established by the British parliament to tax the colonists in America to help pay a tax that was represented by stamp on papers and documents

The Townshend act was tax duty that was placed on goods such as glass, paper, tea and paint that was imported to the colony by the British parliament.

The tea act was done to grant the East Indian company monopoly on the production of tea. The company was on the verge of bankruptcy. The act was to grant them monopoly on the sale of tea in the colony.

The currency act was a prohibition and restriction on the issuance of new currency bills. The British parliament took control of the currency system of the Colonists.

The coercive intolerable act were restrictive laws that was passed on the colonists as a means of punishment.

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Which of the following map scales would be used for topographic map shown?
1:24,000
1:250,000
1:500,000
1:1,000,000
1:5,000,000

Answers

The map scale which would be used for the topographic map shown is   1 : 24,000. Thus, the correct answer is option A.

What is a topographic map?

A topographic map may be described as a geographical depiction of relief features such as mountains, plateaus, valleys and hills on a map.

From the scale given :

1.4 cm = 0.5 miles

Let, 1 cm = x

1.4x = 0.5 miles

x = 0.5 / 1.4

x = 0.357 miles

∴ 1cm = 0.357 miles

Converting Centimeter to miles :

0.357 miles = 0.357 × 160394.4 = 57453.581 cm

A ratio or representative fraction scale is represented in inches in the form 1 : 10,000 which means 1 inch on map equals to 10000 on the ground.

Converting the measurement in terms of inches,

1cm on map = 57453.581 cm on ground

Converting to inch :

1 inch = 0.394 cm

For the map scale :

1 inch = 0.394 × 57453.581 = 22,636 inches

Therefore, the closest scale which would be used is 1 : 24,000 ,which means, 1 inch on map represents 24000 inches on the ground.

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Your question is incomplete, the attached image is a part of the question.

How is the Mayflower compact a form of represenative democracy?

Answers

Answer: The Mayflower Compact pursued the idea of right put forth by the people.

Explanation: This idea lies at the heart of democracy. From its crude beginning in Plymouth, self-government evolved into the town meetings of New England and larger local governments in colonial America

............................................

Answers

Answer:

Please use the site for its purposes

Explanation:

Which THREE statements describe ways the societies of Mesopotamia and Ancient Egypt were alike?
A
Both societies had the same basic social hierarchy.
B
Both societies developed complex systems of writing.
с
Both societies were based on Christian principles of religion.
D
Both societies did not rely on slavery to produce all types of resources,
E
Both societies are located in river valleys which allowed them to produce surplus food.

Answers

The answers are A, B, and E

The THREE statements describe ways the societies of Mesopotamia and Ancient Egypt were alike

Both societies had the same basic social hierarchy.Both societies developed complex systems of writingBoth societies are located in river valleys which allowed them to produce surplus food.

What are the features of the societies of Mesopotamia?

The societies of Mesopotamia had developed central governments, established villages as their communities, cultivated their own food, cultured animals, and produced art and architecture along with writing.

Farming the soil and building monuments and temples were labor-intensive activities in ancient Egypt. The government, theology, the arts, and writing all had a rich cultural heritage in ancient Egypt.

Based on both descriptions, the common thing found is literature and writing along with the classification of society in the society.

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does the constitution right to vote allow criminals to vote?

Answers

Answer:

Criminals are not allowed to vote.

Explanation:

Five states (California, Colorado, Connecticut, New York, and South Dakota) allow probationers to vote, but not inmates or parolees.

What role did geography play in Nathaniel Bacon's Rebellion?

pls help I'm so stuck​

Answers

Answer:  Nathaniel Bacon led the Bacon's rebellion that was against the colonial and Indian government in Virginia. During uprising of this rebellion, geography of Virginia played significant role (Wertenbaker, T. J.

Explanation: hoped this helped:)

during the song dynasty what was the appropriate behavior in public

Answers

Answer:

The dominant philosophy in China, Confucianism is based on the teachings of Confucius. ... Confucius's teachings focused on ethics, or proper behavior, for individuals and governments. He said that people should conduct their lives according to two basic principles.

Explanation:

????

What is the relationship between government and the people that are established in the Declaration of Independence?

Answers

Answer:

According to the Declaration of Independence, there are times when it is acceptable for a people to end the relationship between them (the people) and the government.  According to the Declaration of Independence, all men have certain rights which can't be given up or taken away.  These are called unalienable.

I'm so sorry if this doesn't help you

in the fifth declaration what does petition the king mean?

Answers

Explanation:

The right to present request to the government without punishment or reprisal .

A more simple definition of the right to petition, is “the right to present requests to the government without punishment or reprisal.

A monarchy is a government ruled by a single person (such as a _______, pharaoh, or emperor) who usually stays in power for ________.
Monarchs have often claimed that their right to rule was given to them by a _____.

Answers

Answer:A monarchy is a government ruled by a single person (such as a ___king____, pharaoh, or emperor) who usually stays in power for ____their lifetime____.

Monarchs have often claimed that their right to rule was given to them by a __ancestor___.

Explanation:

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