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How did Hamilton set up a national bank?

Updated: 8/19/2019
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13y ago

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cause when war was over he wanted the nation to have a bank because they were in large debt

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13y ago
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Q: How did Hamilton set up a national bank?
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Related questions

He plans to set up a national bank?

he had plans to set up a national bank ~Alexander Hamilton


Who planed to set up a national bank was it Alexander Hamilton?

Alexander Hamilton


He had plans to set up a national bank?

Alexander hamilton


Who had plan to set up the first national bank?

Alexander Hamilton


Who had plans to set up a national bank?

Alexander Hamilton had plans to set up a national bank in the United States to establish a sound financial system, promote economic development, and centralize government control over monetary policy.


Which president had plans to set up a national bank george washingtonalexander Hamilton Thomas Jefferson Pierre l'enfant Benjamin Banneker or john Adams?

It was Alexander Hamilton.


When Alexander Hamilton create the first national bank?

Hamilton hoped to provide financial order, precedence, and clarity, for the new-found United States. He also hoped to develop country and overseas credit for the new nation. Last, but not least, Hamilton wanted to resolve the fiat currency issues.


How did hamilton propose to repay?

Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.


Who had plans of setting up a national bank?

Alexander Hamilton had the initial plan to set up a national bank. In addition, Karl Marx felt a national bank was necessary once the proletariat overthrew the bourgeoisie and took over the means of production. After the October Revolution of 1917 in Russia, Vladimir Lenin nationalized all the banks.


How did Hamilton propose to repay the national debt and what the response of the opposition?

Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.


What did Alexander Hamilton stand for?

well, alexander hamilton stood up for paying back the us and creating the first national bank.


What Bank system did Jackson set up to replace The National Bank?

Pet banks