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Hamilton wanted the Federal government to assume the war debts of the Second Continental Congress and also of the thirteen states?
Yes, Hamilton wanted the federal government to take on the war debt. He proposed a National Bank, which was met with opposition from many. Hamilton prevailed, and the First Bank of the United States was chartered in 1791.
Was Washington's first presidential veto was of Hamilton's bill for a national bank?
false
Hamilton's national bank?
Hamilton supported the creation of the First Bank of the United States. Alexander Hamilton served as the 1st United States Secretary of the Treasury.
Who first established a national banking system as treasury secretary?
Hamilton. He actually did some very illegal things while in office. The men who fought the revolution were promised land as part of the compensation for fighting. After, the war they were given a grant on paper stating the land was given them. Hamilton went to these men and bought the grants from them for less than they were worth. He also reasoned that the more people owed the government the more they want to see it survive.
Who argued in favor of the bank of the United States?
In 1791, the original Bank of the United States, sometimes referred to as "The First Bank of the United States", was proposed and brought into being under the support of the first Secretary of the Treasury.
