the experience of american banking during the war of 1812 revealed the need for

The American Revolutionary War of 1812 was an eight-year war fought between the American Continental Army and the British Army, which ended on September 3rd, 1775, signing the Treaty of Paris. This marked American Independence from the Colonial British Rule. Following the independence, the American expansion and subsequent settlement in the Northwestern territories also began. This highly enraged the Native Americans who were invaded by the American colonists. On the other hand, the British established colonies in Canada and were posing a severe threat to the American Navy. After the independence, America flourished in maritime trade as well. There existed…