Henry Clay
Chat with our AI personalities
Well, Hamilton and Washington created the first National Bank of the US.
Depends upon which First National Bank you are referring to. There are many both defunct and still in business. There is one in South Africa, one in Omaha Neb., one in Pennsylvannia...
Emergency Bank Act
If you're referring to the "bank of the US" in terms of the Federal Reserve than no it's not the same as a national bank. The Federal Reserve is the central bank of the United States; just like the Bank of England is the central bank to England. It's main priorities are involved in dealing with monetary policy. In the US however, a bank can gain the status as N.A. at the end of the title because through the US Department of Treasury's, Office of the Comptroller grants a bank a national charter of operation.
Well, for one thing, I know that Andrew Jackson lobbied very hard to avoid the extension of the charter of the bank. PS: In doing so, he created one of the worst economic crisis in the young nation's history.