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American Enterprise Institute: 'A Powerful Machine,' Part II- Lessons From the Death and Rebirth of the Bank of the United States
July 14, 2020
WASHINGTON, July 14 -- The American Enterprise Institute issued the following report entitled "'A Powerful Machine,' Part II- Lessons from the Death and Rebirth of the Bank of the United States" by Jay Cost, Gerald R. Ford visiting scholar:

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Key Points

* As discussed in Part I of this series, the First Bank of the United States was both a huge financial success and a political liability.

* The same was true for the Seco . . .

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