When the Bank of the United States' charter expired in 1811...

   

• Congress chartered the Second Bank of the United States later that same year.


• Federalists urged that the bank be dissolved on the grounds that it was unconstitutional.


• President James Madison began to invest his own funds in the Bank of the United States.


• it was not renewed. 

ANSWER: When the Bank of the United States' charter expired in 1811 it was not renewed.

The most important function of the Second Bank of the United States was to...

   

• make a profit for the federal government through judicious loans to entrepreneurs.
• keep the economy in equilibrium by raising or lowering interest rates in response to changes in the capitalist business cycle.
• stabilize the nation's money supply by forcing state banks to periodically convert their paper money into gold and silver coin.
• serve as a clearinghouse for foreign investments and currency. 

ANSWER: The most important function of the Second Bank of the United States was to stabilize the nation's money supply by forcing state banks to periodically convert their paper money into gold and silver coin.