Bank of the United States - ∙ The Bank of the United States was a centralized federal institution devoted to the control of the national economy. Originally conceived by Alexander Hamilton, it fell in and out of favor in the ensuing decades, supported by advocates of strong government and decried by those who valued local and state rights. The fiercest opponent of the National Bank was Andrew Jackson, who waged a savage war against it during the 1830s. Eventually, the necessity of federal involvement in financial affairs was conceded as a given, and today the Federal Reserve Board wields unsurpassed power over the world economy. Barbary States - ∙ The Barbary States are the present-day countries of Morocco, Algeria, Tunisia, and Libya. Barbary, which in Latin means "foreign," designated the nature of this territory in relation to the Roman Empire, and the name has stuck. As
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