What caused the downfall of the national bank?

1 answer:

6 0

<h2>The downfall of the national bank was caused because he and many of his supporters blamed the bank for the Panic of 1819, which had become a severe economic depression. The national bank had made that crisis worse, first by lending irresponsibly and then, when the panic hit, by hoarding gold currency to save itself at the expense of smaller banks and their customers.</h2>

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