... thrust towards central banking was only to last 20 years, however. Up for review in 1811, the bank's charter was not renewed. This paper will argue that the failure to renew the First Bank of the United State's charter was a direct result of the strong ideological differences between state centered and federalist politics. Many were very skeptical about a strong centralized banking system, while others believed that ... the only way to create unity in the country was through a highly focused central banking system. Despite the relative efficiency of the First Bank of the United States ....

• Word Count: 3632
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate