Because of the Abuses by State Banks and the Clear

question 18

Multiple Choice

Because of the abuses by state banks and the clear need for a central bank to help the federal government raise funds during the War of 1812,Congress created the

• A) First Bank of the United States in 1812.
• B) Bank of North America in 1814.
• C) Second Bank of the United States in 1816.
• D) Federal Reserve System in 1813.

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