Question

In what year was the First Bank of the United States chartered by the US Senate and the House?

1776
1817
1851
1791

Answer 1

The First Bank of the United States was chartered in 1791 by the US Senate and the House to manage government finances and stabilize the economy.

Step-by-step explanation:

The First Bank of the United States was chartered by the US Senate and the House in 1791. It was established to handle the financial needs of the newly-formed United States and help stabilize the economy. The bank played a crucial role in managing the government's finances, issuing paper currency, and promoting economic growth.

Learn more about First Bank of the United States