Madison and the Second Bank Charter
Which of the following was a primary reason President James Madison supported the chartering of the Second Bank of the United States?
A
Congress threatened him with impeachment if he refused to sign the charter.
B
France refused to provide further financial loans to the United States.
C
He intended to make significant personal investments in the institution.
D
Wealthy financiers threatened to withdraw their political support for his administration.
E
The federal government needed to establish credit to manage the debt from the War of 1812.
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