... Republican project and a response to the expiration of the First U.S. Bank's charter. It was created as a safe place for federal funds, and because state banks were seen as insufficient for handling financial needs. Currency differed by state, counterfeit money was everywhere, and state banks often issued notes without any gold or silver, the only trusted currency, to back them up. The bank was not met everywhere ... on friendly terms.. Maryland, in an effort to destroy the Baltimore branch, passed laws to heavily tax it, but the Supreme Court removed those laws, strengthening the centra...

• Word Count: 1187
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School