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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1811
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1791
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2011
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1921
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Detailed explanation-1: -Congress established the First Bank of the United States in 1791 to serve as a repository for Federal funds. Its charter expired in 1811, but in 1816 Congress created a Second Bank of the United States with a charter set to expire in 1836. By the 1830s the Bank had become a volatile political issue.
Detailed explanation-2: -Foreign ownership, constitutional questions (the Supreme Court had yet to address the issue), and a general suspicion of banking led the failure of the Bank’s charter to be renewed by Congress. The Bank, along with its charter, died in 1811.
Detailed explanation-3: -FirstBank started from humble beginnings in 1963, and has since grown to be one of the largest privately held banks in the nation with over $27 billion in assets and over 100 locations throughout Colorado, Arizona, and California.
Detailed explanation-4: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.