Second Bank of the United States

The Second Bank of the United States was founded in 1816, five years after the expiration of the First Bank of the United States and the chaos that ensued. This second bank was patterned after the first. However, renewal of the Second Bank of the United States was vetoed in 1832 by Andrew Jackson, so it declined until 1836. Henry Clay and Nicholas Biddle[?] had made the Bank a campaign issue.

The legality of the Bank was upheld in the 1819 Supreme Court case McCulloch v. Maryland which also declared null and void any state law contrary to a federal law made in pursuance of the Constitution.