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In 1816, the Second Bank of the United States was established, with the government owning 20% of its shares, enabling fractional reserve lending. The remaining 80% were sold to private investors, including foreigners, with about one-third of shares tied to Britain. The Rothschilds reportedly held substantial influence over both this bank and the Bank of England by this time.
View the video and summary at “15. Second Bank of the U.S.”
and then discuss it below.