Why Was The National Bank Important? The Bank acted as the federal government’s fiscal agent, collecting tax revenues, securing the government’s funds, making loans to the government, transferring government deposits through the bank’s branch network, and paying the government’s bills. What was the purpose of the national bank? The National Bank Act of 1863 provided
What Was One Function Of The National Bank? The Bank acted as the federal government’s fiscal agent, collecting tax revenues, securing the government’s funds, making loans to the government, transferring government deposits through the bank’s branch network, and paying the government’s bills. What were the functions of the national bank? The Bank would be able
How Did Andrew Jackson Set The Stage For Later Economic Trouble When He Eliminated The Second National Bank? national bank was constitutional. How did Andrew Jackson set the stage for later economic trouble? He caused inflation by having state mints print an oversupply of paper state-bank notes. Why and how did Jackson destroy the Second