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What are the advantages for the federal government of establishing a national bank?
Wiki User
∙ 14y ago
The national bank would have provided a way to mix the peoples money and the government's money. It obviously costs money to raise an army, maintain a navy, and build post offices and the roads for them. The bank would be able to collect the taxes and immediately funnel them into the governments various projects and pay their debts. Which is different from how things are today. People pay money to the I.R.S. and not to the banks.
One of the advantages of establishing a national bank would be the amount of money saved and the speed and efficiency at which everything was processed. Banks were obviously more primitive back then than they are today but they still had similar procedures. With the government controlling the bank they could process all their transactions at any given time and not have to worry about delays or transactional fees. They could prioritize all of their needs and in turn, run a more efficient government.
Wiki User
∙ 14y ago
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What was the first action taken by the federal government to protect the environment?
Establishing a national park system ... apex
What did the Framers hope to achieve by establishing a federal system of government Were they successful?
In establishing a federal system of government, the framers hoped to achieve a system whereby power in the country would be shared between the national government and state governments. Opinions vary regarding how successful this has been.
The national government?
the government that takes care of things that need to be done state wise.
In a federal government the power is held by which government?
national and state
What was the plan for national government where states would keep their freedom and independence?
Federal government is the name for this system of government. Under this system, states get to retain their individual rights and maintain their own governments, but some duties, like currency and defense, are delegated to the federal government, which is elected by all the states working together.The Articles of Confederation was the first document establishing a federal government, in 1781, but the federal government created by that document was far too weak. In 1789, a new, stronger federal government was created by the ratification of the U.S. Constitution.
What was the first action taken by the federal government to protect the environment?
Establishing a national park system ... apex
What did the Framers hope to achieve by establishing a federal system of government Were they successful?
In establishing a federal system of government, the framers hoped to achieve a system whereby power in the country would be shared between the national government and state governments. Opinions vary regarding how successful this has been.
Which branches of the federal government is responsible for establishing lower federal?
legislatvie
Why was the decision in the McCulloch v. Maryland case significant?
The Court ruled that the federal government had implied powers under the "elastic clause" in the Constitution. -Gnapinski88
When was Yellowstone national prak estalished?
Legislation establishing this area as a place to be preserved by the federal government was signed into law on 1872 March 1.
The national government?
the government that takes care of things that need to be done state wise.
What is another name for central government?
union government.
Is a federal government or national government headed by a President?
A federal government like that of the USA
Who had to share the power to govern under the federal system?
The national government and the state government.
Is a federal government is the national government of the US?
Correct. National government and federal government can be used interchangeably, representing the three branches of the United States government.
What is another name for the national government?
The national government can mean the president, the House, the Senate, Congress, or the Supreme Court. National government can also refer to the combination of all parts of the government.
What level of government is national defense?
National defense is the job of the federal government.
