WI: Surviving Bank of the United States

So, let's say that Nicholas Biddle, instead of gambling the Bank of the United States charter on the 1832 elections instead waits until it actually runs out in 1836 and the bank is re-chartered, or something along those lines. How could this effect the future of the American economy? How could this effect not only the 1832 elections but the 1836 elections as well? Just thought it might be an interesting idea.
 
What would help this thread might be an explanation as to how economies with a National Bank differ from a Federal Reserve, etc.
From what I'm aware, a National Bank is, essentially, a bank that is run by the government, one where people can get business loans, home loans, etc. and put their own money into rather than just the government's federal reserve.
 
Ooc: the Bank of the US, like the original Bank of England, and like the current Royal Bank of Scotland were commercial entities, with extra added rights. The BoUS would have been involved in regulating its competitors, which put it in a definite conflict of interest position. Fortunately, the BoE evolved into a State body and no longer competes for commercial business.

The problem with the US was that the BoUS expired with Adrew Jackson - and NOTHING replaced it, which severely impeded the government's finances.

The Federal reserve is much later.
 
Ooc: the Bank of the US, like the original Bank of England, and like the current Royal Bank of Scotland were commercial entities, with extra added rights. The BoUS would have been involved in regulating its competitors, which put it in a definite conflict of interest position. Fortunately, the BoE evolved into a State body and no longer competes for commercial business.

The problem with the US was that the BoUS expired with Adrew Jackson - and NOTHING replaced it, which severely impeded the government's finances.

The Federal reserve is much later.
Well in my original question, I ask what would have happened if the BoUS had not expired with Jackson (since it didn't have to expire until 1836 but Nicholas Biddle, head of the BoUS, pushed it in 1832) and instead been re-chartered.
 

Dirk_Pitt

Banned
Hmm... This seems like code for "Kill Jackson, kill Jackson...", who made killing the BUS an unhealthy obsession. Kill him, save the BUS.
 
Looking further ahead, does having a BUS that's likely in North mean that economic power starts to concentrate in the North sooner? A more stable source of Finance, and maybe some ameliorated panics, could add up to quicker economic growth in the North. Do you have a a different mid-19th if there is a center of power that challenges the slaver-aristocracy of the South quicker?
 
Or they could use control of the purse strings to make some improvements even if complete abolition is off the table.

Tie loans to better treatment of slaves and promises to emancipate.
Accept slaves as collateral and emancipate them that way.
Express interest in investing in Southern industrialization and automation.
 
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