answersLogoWhite

0

Yes. In 1791, Secretary of the Treasury, Alexander Hamilton, proposed chartering the First Bank of the United States to handle the country's financial transactions and debt. He also believed the US should establish its own Mint to create government-backed currency. Both Thomas Jefferson and James Madison opposed the idea, but Congress passed a bill allowing the charter and George Washington signed it into law.

User Avatar

Wiki User

14y ago

What else can I help you with?