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in the 1830s, what was one argument in favor of the second national ban…

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.

Explanation:

Brief Explanations

The Second National Bank was established in 1816. One of its key functions was to regulate the currency. State - chartered banks often issued excessive amounts of paper money, which led to inflation. The Second National Bank could control this by requiring state banks to hold sufficient reserves (usually in the form of gold or silver) against the paper money they issued. This helped to keep the value of printed currency stable and steady.
The bank was not mainly about being a foundation for a "new economy" in the 1830s in the sense that the economy was already well - established. The debt from the American Revolution was mostly paid off long before the 1830s. And while it is true that the wealthy had more access to the bank (as they had more capital to deposit and use for loans), this was not an argument in favor of the bank presented by its proponents. The proponents focused on its role in stabilizing the currency.

Answer:

The bank kept the value of printed currency stable and steady.