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Who was George Washingtons Secretary of the Treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
What institution first advocated by Alexander Hamilton was enacted by the Union in 1863?
The National Bank Act of 1863 resurrected the idea of founding father Alexander Hamilton of having a national banking system.
Who was the Washington's secretary of treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
Who was Washington's Secretary of the Treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
Who was Washington's secretary of treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
What did hamilton propose for a banking system?
answer
How did the American system resemble the economic thinking of Alexander Hamilton?
Both of the people favored a mixed economy.
Who first established a national banking system as treasury secretary?
Hamilton. He actually did some very illegal things while in office. The men who fought the revolution were promised land as part of the compensation for fighting. After, the war they were given a grant on paper stating the land was given them. Hamilton went to these men and bought the grants from them for less than they were worth. He also reasoned that the more people owed the government the more they want to see it survive.
Who established US economic system?
Alexander Hamilton
Why did Hamilton believe a federal bank was needed?
Alexander Hamilton felt it was necessary for the country to have a banking system run by the federal government rather than state banks in order to aid the government's fiscal operations and to help unify the nation's credit and capital markets.
Opposition by Thomas Jefferson and James Madison to the financial plan of Alexander Hamilton resulted in?
Jefferson and Madison were polar opposites of Hamilton in the financial issues. The result of Jefferson's and Madison's opposition to Hamilton's financial plan was the establishments of the banking system.
What did Alexander Hamilton suggest to establish a sound economic system?
a national bank
