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When was the original Bank of North America succeeded as a national bank?

  • 1778

  • 1785

  • 1791

  • 1801

Answer

The original Bank of North America, established in 1781, played a pivotal role in financing the American Revolution. It was succeeded as a national bank in 1791 when the First Bank of the United States was chartered by Congress. This marked a significant milestone in the development of the American financial system, providing a stable and centralized banking institution to support the nation's growing economy.
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