FAQ About Alexander Hamilton
What was Alexander Hamilton's role in creating the national bank?
Alexander Hamilton proposed the establishment of the national bank known as the First Bank of the United States. He argued that the bank was essential for establishing a stable and secure economic infrastructure for the new nation. The bank would manage the country’s finances, provide loans, and create a standardized currency. Hamilton's proposal faced opposition, notably from Thomas Jefferson, but ultimately it was approved by Congress and signed into law by President George Washington in 1791.
