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Henry Knox, who served as the first Secretary of War under President George Washington, generally supported the establishment of a national bank. He believed that a strong central bank would help stabilize the economy and provide a reliable source of credit for the federal government. Knox viewed the bank as essential for fostering economic growth and facilitating trade, aligning with the broader Federalist vision of a strong national government. However, he also acknowledged the need for caution in its operations to prevent potential abuses of power.

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1w ago

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