when the bank's charter expired in 1836 it was a key factor in the resulting
Bank War The Bank War refers to the political struggle that developed over the issue of rechartering the Second Bank of the United States (BUS) during the presidency of Andrew Jackson (1829â€“1837). The affair resulted in the destruction of the bank and its replacement by various state banks.
History of banking The first prototype banks were the merchants of the world, who made grain loans to farmers and traders who carried goods between cities. This began around 2000 BC in Assyria and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending activity.