Reprint of the original, first published in 1883.

Updated edition- Year 2014-- The Constitution of the United States of America, Analysis and Interpretation 2014 Supplement: Analysis of Cases Decided by the Supreme Court to July 1, 2014 is available here: https://bookstore.gpo.gov/products/sku/052-071-01574-4 Senate Document 108-17. 2004 revision. Published at the direction of the U.S. Senate for the first time in 1913, it is popularly known as the “Constitution Annotated” or "CONAN." This publication has been published as a bound edition every 10 years, with updates addressing new constitutional law cases issued every two years. The analysis is provided by the Congressional Research Service (CRS) in the Library of Congress. The print version is used primarily by federal lawmakers, libraries and law firms. Other related products: Constitution, Jefferson's Manual, and Rules of the House of Representatives of the United States, One Hundred Fourteenth Congress can be found here: https://bookstore.gpo.gov/products/sku/052-071-01572-8 Civics and Citizenship Toolkit can be found here: https://bookstore.gpo.gov/products/sku/027-002-00575-9 The Citizen's Almanac: Fundamental Documents, Symbols, and Anthems of the United States can be found here: https://bookstore.gpo.gov/products/sku/027-002-00606-2 How Our Laws Are Made, 2007 can be found here: https://bookstore.gpo.gov/products/sku/052-071-01465-9 Our Flag can be found here: https://bookstore.gpo.gov/products/sku/052-071-01446-2

An account of the history, structure, and operation of the First and Second Banks of the United States, this study examines how the banks performed as national and central institutions, and what happened to the economy when the charter of the Second Bank was allowed to expire in 1836. Historians have paid little recent attention to the early history of central banking in the United States, and many Americans believe that the Federal Reserve, created in 1913, was our first central bank. The economic crisis during the American Revolution actually led to the founding of a national bank, called the Bank of North America, during the period of Confederation. Although it became a private bank before the Constitution was ratified in 1788, it proved to be such a success that in 1791 Alexander Hamilton, the first Secretary of the Treasury, was able to convince President Washington that a similar bank should be established. While the First Bank of the United States performed well during its tenure, its charter was allowed to lapse in 1811. A Second Bank of the United States was created five years later in 1816, and it prospered under the leadership of its third president, Nicholas Biddle, from 1823 to 1830, when central banking was practiced. This success ended with the 1828 election of Andrew Jackson, who refused to recharter the bank and withdrew the government's funds in 1833. Severely weakened, the Bank continued, but its charter finally expired in 1836, much to Biddle's dismay.