Osborn v. Bank of the United States
Osborn v. Bank of the United States, 22 U.S. 738 (1824), was a case set in the Banking Crisis of 1819, during which many banks, including the Second Bank of the United States, demanded repayment for loans which they had issued on credit that they did not have. This led to an economic downturn and a shortage of money. In 1819, Ohio passed a law which put a tax on the Bank of the United States, the theory being that taxing a bank would allow the state government to receive and distribute the scarce money.
primaryTopic
Osborn v. Bank of the United States
Osborn v. Bank of the United States, 22 U.S. 738 (1824), was a case set in the Banking Crisis of 1819, during which many banks, including the Second Bank of the United States, demanded repayment for loans which they had issued on credit that they did not have. This led to an economic downturn and a shortage of money. In 1819, Ohio passed a law which put a tax on the Bank of the United States, the theory being that taxing a bank would allow the state government to receive and distribute the scarce money.
has abstract
Osborn v. Bank of the United S ...... return of the disputed $2,000.
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723,786,000
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case
Osborn v. Bank of the United States, 22 U.S. 738
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Dissent
findlaw
Holding
Eleventh Amendment is inapplic ...... is acting as a state official
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Washington, Todd, Duvall, Story, Thompson
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Litigants
Osborn v. Bank of the United States
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Prior
Appeal from the Circuit Court of Ohio
SCOTUS
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Osborn v. Bank of the United S ...... d distribute the scarce money.
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label
Osborn v. Bank of the United States
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Ralph Osborn and others, Appel ...... the United States, Respondents
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