Episode 2 of 3
Bank Stabilization
- When
- 1819
- Where
- Second Bank of the United States
- Part of
- Panic of 1819 begins
Cheves employed stern procedures to place the Second Bank on sound footing in early 1819.
Despite the Second Bank of the United States' inept management under the Jones-Cheves administrations, it was not the causative agent in the Panic of 1819 or its aftermath. Employing stern procedures, Cheves placed the bank on sound footing in early 1819.
Sources
- Panic of 1819 Wikipedia, revision of 2026-07-01
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.