• McCulloch v. Maryland Summary | quimbee.com
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    McCulloch v. Maryland Summary | quimbee.com

    – [Narrator] McCulloch versus Maryland may appear to be an old esoteric case about bank charters and taxes. But it’s really about a power struggle of constitutional proportions between the States and the Federal Government. The consequences of that struggle continue to reverberate today. In 1816, Congress passed an act that created the Bank of the United States. A year later, the bank opened a branch in Maryland. To take a shot at the new, all-powerful federal government, Maryland passed an act in 1818 that imposed a $15,000 annual tax on all out-of-state banks operating in the State. The act appeared neutral on the service, but it practically targeted the…