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Updated: May 12, 2025
Maryland what is generally regarded as his greatest and most carefully reasoned opinion. The particular questions involved were those of the power of the United States to incorporate a bank, and of the freedom of a bank so incorporated from State taxation or control. The United States bank, which Congress had rechartered in 1816, had established a branch in Maryland.
What were the objects of the first United States Bank? Did the bank accomplish them? Why was it not rechartered? When was the second United States Bank chartered? Why? What case decided the constitutionality of the bank? Did the second United States Bank accomplish the purpose for which it was formed? Why was the second United States Bank rechartered? What is meant by "Wildcat Banking"?
Suppose, for example, that the text contents itself with saying that for political reasons the first United States Bank was not rechartered, and shortly after informs the reader that the second United States Bank was rechartered because the State banks had suspended specie payments.
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