The Bank of North America, although able …

Years: 1785 - 1785

The Bank of North America, although able to operate nationwide, primarily operates in three states, and in 1785 it loses its central bank status in Pennsylvania due to objections of "alarming foreign influence and fictitious credit", favoritism to foreigners and unfair competition against less corrupt state banks issuing their own bills of credit, such that Pennsylvania's legislature repeals its state charter on September 13, 1785.

Related Events

Filter results