What was the duration of the charter for the Second Bank of the United States?

The charter for the Second Bank of the United States was established for a period of twenty years. This institution was created in 1816 as a means to stabilize the currency and manage the financial system following the War of 1812. The charter outlined the operational framework for the bank, including its powers and responsibilities, and was designed to provide a consistent and stable banking system in the growing economy of the United States during that era. The decision for a twenty-year charter was intended to provide a moderate duration for the bank's operations, balancing the need for financial stability with the government’s caution towards centralized banking power. Understanding this duration is crucial for grasping the broader context of early American banking policies and the debates surrounding them during the 19th century.