What was the second bank of the US?

The Second Bank of the United States was established in 1816, following the expiration of the charter for the First Bank of the United States. It served as a central bank, regulating currency and credit and providing a stable financial system. Its charter lasted until 1836, when it was dissolved amid political opposition, particularly from President Andrew Jackson, who viewed it as a symbol of elite privilege. The bank played a crucial role in the economic development of the early 19th century but faced significant controversy and challenges during its existence.