... knowledge and intelligence of the articulate members of the community, including the leading statesmen. One of the chief centers of attention was the monetary system. The nation's monetary system was highly imperfect; banking on a nationwide scale was new, and the nation suffered from inconvertibility and varying rates of depreciation during the War of 1812 and elimination and then renewal of a Bank of the United States. There had always been men who favored inconvertible paper for purposes of national development and men ... all banks except the Bank of the United States were chartered...

• Word Count: 3048
• Approx Pages: 12
• Grade Level: Undergraduate