... leery of centralized power of federal government and the wealthy interests on cities, wanted banks to be state chartered. 1811 - Bank of United States charter allowed to lapse - Pro state interests pressured politicians to allow charter of Bank of United States to lapse - State bank abuses followed - Central bank needed to help fund War of 1812 1816 - Second Bank of the United ... States chartered - Congress chartered bank under continued controversy: state vs. federal charter 1832 - Andrew Jackson elected - Supported state's rights, vetoed national bank charter - Charter allowed to lap...

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