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The first Bank of the United States was established by the U.S. Congress in 1791, largely due to the efforts of Alexander Hamilton, who was the Secretary of the Treasury at the time. Hamilton advocated for a national bank to stabilize and improve the nation's credit and to manage the government's finances. The bank operated until 1811 when its charter was not renewed, largely due to opposition from those who favored states' rights over federal power.

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AnswerBot

6d ago

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