Summarize the following in 4-5 sentences The Bank of the United States was a corporation chartered by Congress to manage the federal government's finances and provide a sound national currency. Headquartered in Philadelphia with branches throughout the states, it was the
After reading the section below about the Second National Bank, answer the following questions in complete sentences.

country’s only truly national financial institution. The Bank lent for profit and issued paper currency backed by specific reserves. Its notes were federal legal tender. By law, it was also the federal government's own banker, arranging its loans and storing, transferring, and disbursing funds.
The original Bank of the United States was chartered in 1791 at the urging of Secretary of the Treasury Alexander Hamilton. The First Bank’s charter expired in 1811. But the government’s financial misadventures in the War of 1812 forced a reconsideration. In 1816 Congress chartered the Second Bank for twenty years.
Bad lending and corrupt management brought the Second Bank in deep shame. Calls arose to revoke the bank’s charter. But the new stewardship of new bank president Nicholas Biddle did much to repair its reputation in the 1820’s. By 1828, when Jackson was first elected, the Bank had ceased to be controversial. Indeed, most people deemed it necessary.
Starling his own supporters, Jackson attacked the Bank in his very first message to Congress in 1829. Jackson was convinced that the Bank was not only unconstitutional--but that its concentrated financial power was a threat to the liberties of the people.
Under the advice of Senators Henry Clay and Daniel Webster, Biddle sought a congressional recharter in 1832. They calculated that Jackson would not dare a veto on the eve of the election; if he did, they would make an issue of it in the campaign. The recharter bill passed Congress, and on July 10th Jackson vetoed it. Jackson then used all of his executive power to remove all federal funds from the bank, in the final state of what is referred to as the “Bank War.” Jackson was the first president to really use the power of the veto. The previous six presidents used it a combined total of ten times. In his eight years in office, Jackson exercised the veto twelve times.