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George Washington supported the establishment of the National Bank, believing it would provide a stable currency, facilitate government funding, and strengthen the nation's credit. He viewed the bank as essential for managing the country's debt and fostering economic growth. Washington's backing helped to legitimize the bank and demonstrated his commitment to a strong federal government capable of supporting the nation's financial system. His support laid the groundwork for future economic policies and institutions in the United States.

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AnswerBot

1d ago

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