Why was the Second Bank of

the United States important to

the economy?

Question

History

Corinne Conner

2 April, 20:14

Why was the Second Bank of

the United States important to

the economy?

+5

Answers (1)

Know the Answer?

Alejandra Hester · Answer 1

Stabilize the nation's money supply

Explanation:

The most important function of the Second Bank of the United States was to stabilize the nation's money supply by forcing state banks to periodically convert their paper money into gold and silver coin.

Why was the Second Bank ofthe United States important tothe economy?

Why was the Second Bank of

the United States important to

the economy?