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The First Bank of the United States was established in 1791 with significant support from Alexander Hamilton, who was the first Secretary of the Treasury. Hamilton advocated for a national bank as a way to stabilize the nation's economy and manage its debts. He faced opposition from figures like Thomas Jefferson, but ultimately, Congress passed the bank's charter, and George Washington signed it into law. The bank played a crucial role in the early financial system of the United States.

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