The First and Second Banks of the United States

Everything Everywhere Daily

Gary Arndt | Glassbox Media

History, Education

4.8 • 1.8K Ratings

🗓️ 24 May 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the American Revolution, the United States economy was in trouble. One solution proposed to solve the crisis was the establishment of a national bank. The bank wasn’t just an economic issue; it also sparked one of the first constitutional debates in the nation’s history. Fast-forward several decades, and the United States found itself debating the exact same issue, with very similar results. Learn more about the first and second Banks of the United States, why they were created, and how they ended on this episode of Everything Everywhere Daily. Sponsors Newspapers.com Get 20% off your subscription to Newspapers.com Mint Mobile Cut your wireless bill to 15 bucks a month at mintmobile.com/eed Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! Stitch Fix Go to stitchfix.com/everywhere to have a stylist help you look your best Tourist Office of Spain Plan your next adventure at Spain.info Stash Go to get.stash.com/EVERYTHING to see how you can receive $25 towards your first stock purchase and to view important disclosures. Subscribe to the podcast! https://everything-everywhere.com/everything-everywhere-daily-podcast/ -------------------------------- Executive Producer: Charles Daniel Associate Producers: Austin Oetken & Cameron Kieffer Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	After the American Revolution, the United States economy was a mess.
0:05.0	One solution which was proposed to solve the crisis was the establishment of a national bank.
0:10.7	The bank wasn't just an economic issue.
0:13.0	It also sparked one of the very first constitutional debates in the nation's history.
0:17.8	Fast forward several decades, and the United States found itself debating the exact
0:21.7	same issue with very similar results. Learn more about the first and second banks of the United States,
0:28.6	why they were created and how they ended up on this episode of Everything Everywhere Daily.
0:49.2	This episode is sponsored by Planet Money.
0:52.3	Tariffs, meme coins, girls' scout cookies.
0:53.6	What are they all have in common? Money. Economics is
0:56.3	everywhere and everything fueling our lives, even when we least expected. If you're a fan of
1:01.4	everything everywhere daily and are curious to learn something new and exciting about economics every
1:05.3	week, I recommend you listen to the Planet Money podcast from NPR. What I like about Planet Money
1:10.7	is that I can get
1:11.6	updates on the week's financial news in about 30 minutes, stories like the Federal Reserve
1:15.4	changing interest rates or the impact of trade policy. From the job market to the stock
1:20.3	market to prices at the supermarket, Planet Money is here to help explain it all. The Planet
1:25.5	Money hosts go to great lengths to help explain the economy.
1:28.6	They've done things like shot a satellite into space,
1:31.2	started a record label, made a comic book,
1:33.2	and shorted the entire stock market,
1:35.3	all to help you better understand the world around you.
	...

Transcript will be available on the free plan in 6 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Gary Arndt | Glassbox Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Gary Arndt | Glassbox Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.