6. In your opinion, how did the Bank hurt the U.S.
economy y?
Politics
Question
6. In your opinion, how did the Bank hurt the U.S.
economy y?
Answer
The Bank of the United States hurt the US economy by creating an artificial credit bubble, leading to an unsustainable level of debt and eventually a financial crisis.
The Bank of the United States was created in 1791 to help the federal government manage its finances. However, the Bank's lending practices led to an...