in 1816 legislation gave the second bank of the united states the power to
Second Bank of the United States The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury, and to establish a sound and stable national currency.[11][12] The federal deposits endowed the BUS with its regulatory capacity.[5][13]
Insurance Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
McCulloch v. Maryland The Court determined that Congress had the power to create the Bank. Chief Justice Marshall supported his conclusion with four main arguments:[3]
McCulloch v. Maryland The Court determined that Congress had the power to create the Bank. Chief Justice Marshall supported his conclusion with four main arguments:[2]