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In the summer of 1832, Jackson's opponents rushed a Congressional bill to recharter which of the following?
a. Sons of Liberty
b. First Bank of New York
c. Bank of the United States
d. Massachusetts Bay Colony
The answer is C. the Bank of the United States.
The history of central banking in the United States does not begin with the Federal Reserve. The Bank of the United States received its charter in seventeen ninety-one from the United States Congress and was signed by President Washington.
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