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The Bank of the United States

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Diego Kafie

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3y ago

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How did Alexander Hamilton deal with the nation financial problems?

He asked congress to to put a tax on whiskey


How did Hamilton's plan for a national bank address states' rights?

Hamilton suggested limiting it to a 20 year charter; then it would be up to Congress to decide whether to extend charter He also asked states to open their own banks so the national bank wouldn't have monopoly.


When congress asked the stes for money to pay national debts the states did what the congress asked?

i think it is false because im smart and i know it.


True or false When congress asked the states for money to pay national debts the states did what the congress said?

true


How did hamiltons plan for a national bank states rights?

Hamilton suggested limiting it to a 20 year charter; then it would be up to Congress to decide whether to extend charter He also asked states to open their own banks so the national bank wouldn't have monopoly.


Why did Hamilton create a national bank?

As a way to help pay of America's debt ~Improved Answer;; Well Hamilton needed to come up with a way to pay of for the dept America was facing at the time... Also it was somthing George Washington asked him to do; Hopee I could help Kandee Conelly.


What was one reason that Alexander Hamilton asked Congress to charter of national bank?

Alexander Hamilton wanted to save the young United States from the post-Revolutionary war depression it sank into. In addition to his controversial fiscal program, the bank would help accomplish this feat. The bank would serve as a depository for government funds.


The Confederation Congress pass the what to create a system for survey and dividing public lands?

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What is something that George Washington asked Alexander to do?

George Washington asked Alexander Hamilton to serve as his Secretary of the Treasury. In this role, Hamilton was tasked with establishing a strong financial system for the fledgling United States, which included creating a national bank and managing federal debt. Washington relied on Hamilton's expertise and vision to help stabilize the nation's economy and lay the groundwork for its future growth. Hamilton's innovative policies significantly shaped the financial foundation of the country.


Who asked Congress to declare war on Britain in 1812?

James Madison asked Congress to declare war on Britain in 1812.


What did the Congress as states to do during the revolutionary war?

Create a new system of republican government


Why did Alexander hamilton ask congress to charter a bank of US?

Alexander Hamilton asked Congress to charter a Bank of the United States to stabilize the nation's economy and establish a reliable currency. He believed that a central bank would facilitate government transactions, regulate credit, and manage the country's debt effectively. By centralizing financial power, Hamilton aimed to promote economic growth and foster confidence in the new federal government. This move was crucial for laying the foundation of a strong financial system in the early years of the republic.