MAKING OF A NEW NATION 1776 1800
ALEXANDER HAMILTON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First National Bank
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Candy Factory
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A private college
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Orphanage
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Detailed explanation-1: -Establishment of the Bank of the United States was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Alexander Hamilton, first Secretary of the Treasury.
Detailed explanation-2: -On December 15, 1790, Hamilton submitted a report to Congress making the case. He proposed a Bank of the United States with a $10 million capital (then five times more than all other American banks combined) and the ability to issue paper money. It would be based in Philadelphia and chartered for 20 years.
Detailed explanation-3: -1791–1811. Alexander Hamilton’s grand experiment in central banking began in 1791 to assist a post-Revolutionary War economy and ended 20 years later.