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What was the federalists position on a centralized banking system?

Updated: 9/25/2023
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Destineyreesegp4569

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Q: What was the federalists position on a centralized banking system?
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Did federalists believe that a strong centralized banking system was necessary to develop healthy industry and trade?

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What did the federalist believe about banking?

The Federalists advocated the ratification of the US constitutions (1789-88) in place of Articles of Confederation .The central bank was the authority of issuing currency note to regulate the countries credit and monetary affairs consisting of 12 federal reserve banks headed by the board of governors appointed by the US President but approved by the senate. they believed that a centralized banking system was necessary (gradpoint)


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