Banking, currency and monetary policy was a source of great controversy in the early United States. later in 1971,Congress established the original Bank of the United States, masterminded by Treasury Secretary. Conflict over the Bank caused a split within George Washington’s administration that would later widen into the formation of the nation’s first two political parties: Hamilton’s Federalists and the Democratic-Republicans. The Bank War was the political struggle that ensued over the fate of the Second Bank of the United States during the presidency of Andrew Jackson. Is cryptocurrency bringing back the bar war ?

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