Almost a century after the second national bank’s charter lapsed, the government created
a. the federal reserve system, which collapsed within a decade.
b. a system of state-run banks, serving individuals but not businesses.
c. the federal reserve system, which is still in existence today.
d. a system of state-run banks, serving businesses but not individuals.

C. the Federal Reserve System, which is still in existence today.

The Second Bank of the United States was the second federally authorized national bank. It was located in Philadelphia, Pennsylvania, and was active from February 1816 to January 1836. The bank was at the center of the election of 1832, but failing to secure recharter, it became a private corporation in 1836 and underwent liquidation in 1841.

The Federal Reserve (the central banking system of the US) was created through the Federal Reserve Act of 1913. The act also created the authority to issue US dollars as legal tender. It was signed into law by President Woodrow Wilson.

both are true, the congress does have the power to create banks, even if this power is not specifically described in the constitution, since there is nothing restricting it and there is power given to the congress to make "all laws which shall be necessary and proper". maryland was not allowed to tax a branch of the national bank operating there, and the supreme court decided that no state could. both of these topics were discussed in a decision of the mcculloch v. maryland case in 1819.

it was not until 1606 that the virginia company of london got a contract from. on may 13, 1607, these first pilgrims chose the site of jamestown island as the. to make shares more attractive, the virginia company changed its attempt to sell something. the way of life would increment the country over.