USA HISTORY

MAKING OF A NEW NATION 1776 1800

ALEXANDER HAMILTON

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where would the First Bank be located?
A
Virginia
B
New York
C
New Jersey
D
Philadelphia
Explanation: 

Detailed explanation-1: -President Washington signed the bill into law in February 1791. The Bank of the United States, now commonly referred to as the first Bank of the United States, opened for business in Philadelphia on December 12, 1791, with a twenty-year charter.

Detailed explanation-2: -First National Bank was a bank in Philadelphia. Chartered in 1863, it was the first national bank created under the Civil War banking reforms that began to define the modern U.S. banking system, and the first commercial bank to issue a federal banknote.

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: -First Pennsylvania Bank was a bank based in Philadelphia, Pennsylvania. Founded in 1782, it was for centuries the oldest bank in the United States until it was acquired by CoreStates Financial Corporation in 1989.

There is 1 question to complete.