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“the Bank's influence was frightening to many people. The Bank's charter ran for twenty years, and when it expired in 1811, a proposal to renew the charter failed by the margin of a single vote in each house of Congress. Chaos quickly ensued, brought on by the War of 1812 and by the lack of a central regulating mechanism over banking and credit.”

https://www.newyorkfed.org/aboutthefed/history_article.html nostr:note1e4x6suz20tmar677ep2jg4qjsmjt6lffpqaj5zh8t293yt54r6ssd82fwy