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During his administration, James Madison prevented the National Bank from going out of business?

User Krlv
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The statement "During his administration, James Madison prevented the National Bank from going out of business," is false.

James Madison Jr. was an American statesman, lawyer, diplomat, philosopher, and Founding Father who became the fourth president of the United States and served from 1809 to 1817.

Madison is remembered for drafting and promoting the United States Constitution and the United States Bill of Rights.

User Varsha
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I think you want to know whether the statement in the question is true or false. Based on this assumption i am answering the question and hope that it comes to your help. It would be false to say that during his administration, James Madison prevented the National Bank from going out of business. He did not oppose the bank either.
User DavidMWilliams
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