-
Second bank of the United States is established
EStablished after the first national bank's charter expired; it satbilized the economy by creating a sound national currency, by making loans to farmers, small manufacturers, and entrepenur,and by regulating the ability of state banks t issue their own paper currency. -
First protecttive tariff goes into effect
Tariff of 1816, a cluster of taxes on imports passed by congressto protect Americas emerging iron and textile industries frm British competition. -
Rush Bagot Treaty
A treaty between the U.S and Great Britain limiting naval arrangements on the Great Lakes and Lake Champlain, following the War of 1812.