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Alexander Hamilton's 1791 plan for the First Bank of the United States was popular with Northern merchants and their State Senators and Congressmen, but very unpopular with people in the South. Both James Madison and Thomas Jefferson opposed the bank and the US Mint, as well, because they believed those interests should continue to be held by private banks.
Then-Secretary of State Thomas Jefferson also believed chartering a national bank would be unconstitutional because there was no mention of those powers in the Constitution; its creation also allegedly violated property laws.
Despite objections, Congress passed a bill allowing the bank to be chartered, and George Washington reluctantly signed the bill into law. When the bank's charter expired in 1811, Congress failed to renew it by a vote of 65-64, which undoubtedly pleased President James Madison.
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What was one of Alexander Hamiltons primary goals as secretary of the treasury?
To deal with the government's financial issues
What political party supported Alexander Hamiltons opinion that the US needed strong central government?
JUnio Agusto
Who started the bank of the US in the first presedency?
Alexander Hamilton
What did Alexander Hamilton stand for?
well, alexander hamilton stood up for paying back the us and creating the first national bank.
Alexander Hamilton argued that the Constitution permitted the creation of the Bank of the US under the?
nessasary and proper
What was Alexander Hamilton's position on bank of the US?
alexander hamiltons veiw on the bank of the U.S. was that he felt that people needed a place to store their money
What was one of Alexander Hamiltons primary goals as secretary of the treasury?
To deal with the government's financial issues
What political party supported Alexander Hamiltons opinion that the US needed strong central government?
JUnio Agusto
Who started the Bank of the US?
Alexander Hamilton
Who created the 1st bank of the US?
Alexander Hamilton
Who created the national bank of the US?
Alexander Hamilton
Argued in favor of a Bank of the US.?
Alexander Hamilton
Who started the bank of the US in the first presedency?
Alexander Hamilton
Us bank access how can find out why an approver rejected your transaction?
Reject link.... Approval history tab.
What political party supported the creation of the bank of US and the Jay Treaty?
Alexander Hamilton began the Federalist Party which supported a strong central government and a national bank
What did Alexander Hamilton stand for?
well, alexander hamilton stood up for paying back the us and creating the first national bank.
Who was the author of a plan to create a national bank in the US?
Alexander Hamilton was the author of a plan to create a national bank in the US. He proposed the establishment of the First Bank of the United States in 1791 as a way to promote a stable currency and stimulate economic growth.
