“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
On this date in history, August 16, 1841, President John Tyler vetoed a bill to charter a new national bank to replace the Second Bank of the United States. Tyler’s veto led to demonstrations that still rank as the most violent protest on White House grounds in...
What does a political battle waged over a bank in 1791 mean for Americans living in modern times? Quite a lot, it turns out. In a recent paper, America’s First Great Constitutional Controversy: Alexander Hamilton’s Bank of the United States, Professor Charles J. Reid...