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Question
in the 1830s, what was one argument in favor of the second national bank?
the bank would serve as a foundation for the new economy.
the bank kept the value of printed currency stable and steady.
the bank helped pay down the debt from the american revolution.
the bank helped benefit the wealthy class and extend its influence.
The Second National Bank was established in 1816. One of its key functions was to regulate the currency. By having a central bank, it could manage the supply of printed currency. This helped in maintaining its value stable and steady. The new economy foundation argument is more related to the early - 19th - century economic development in a broader sense but not a direct function of the bank. The debt from the American Revolution was mostly paid off before the 1830s. And the idea that it was mainly for the wealthy class's benefit was a criticism rather than a pro - argument.
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The bank kept the value of printed currency stable and steady.