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The '''The First Bank of the United States''' ("BUS") was the nation's most important business and financial institution during its twenty-year lifetime, 1791-1811. It was a central bank that gave the nation a a solid, conservative financial system.  The BUS was supported by the business community, especially merchants and financiers, but opposed by the agrarian Jeffersonians in the [[Democratic-Republican Party]]. The Jeffersonians refused to renew its charter in 1811 and the bank was closed.

The '''The First Bank of the United States''' ("BUS") was the nation's most important business and financial institution during its twenty-year lifetime, 1791-1811. It was a central bank that gave the nation a a solid, conservative financial system.  The BUS was supported by the business community, especially merchants and financiers, but opposed by the [[Jeffersonian Republicans]]. The agrarian Jeffersonians refused to renew its charter in 1811 and the bank was closed.

==Origins==

==Origins==

After a bitter fight in Congress between Treasury Secretary [[Alexander Hamilton]] and a coalition led by [[Thomas Jefferson]] the bank supporters won over President [[George Washington]] and chartered the BUS for 20 years on Feb. 25, 1791.  

After a bitter fight in Congress between Treasury Secretary [[Alexander Hamilton]] and a coalition led by [[Thomas Jefferson]] the bank supporters won over President [[George Washington]] and chartered the BUS for 20 years on Feb. 25, 1791.