who established the second bank of the united states
Second Bank of the United States Modeled on Alexander Hamilton's First Bank of the United States,[14] the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817,[15][16] managing twenty-five branch offices nationwide by 1832.[17]
First Bank of the United States Establishment of the Bank of the United States was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Alexander Hamilton, first Secretary of the Treasury. Hamilton believed a national bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution.