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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Save money for the government
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provide the government with loans
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safely hold its deposits, create a uniform currency, and extend credit
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helping promote industry and business.
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Detailed explanation-1: -The Bank would be able to lend the government money and safely hold its deposits, give Americans a uniform currency, and promote business and industry by extending credit. Together with Hamilton’s other financial programs, it would help place the United States on an equal financial footing with the nations of Europe.
Detailed explanation-2: -Hamilton argued that a national bank is “a political machine, of the greatest importance to the state.” He asserted that a national bank would facilitate the payment of taxes, revenue for which the federal government was desperate.
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. The War for Independence was over, but all was not well.