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Economic Perspectives, 27, No. 1, January 2003
Economic perspective on the political history of the Second Bank of the United States
The Second Bank of the United States was an institution of first-rank importance, both politically and economically, during the early nineteenth century. This article uses recent contributions to theory on industrial organization and monetary economics to argue tentatively that conflict between debtors and creditors may have played a larger role in the bank’s fortunes than previously thought.


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