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Central Bank Form 1

Central Bank Form 1

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One of the core problems that Hamilton realized having lived through the Revolutionary War with George Washington on the battlefield was the inability of the Continental Congress to raise the requisite amount of funds to help feed and fund the army in battle, and he never wanted to go back to that. And so, Washington as well realized that and so they wanted a central government that will at least be able to have taxing power and the power to do those very things. The Constitutional Convention debated whether or not there should be a national bank, a bank run by the government, and they rejected the idea. But Hamilton as treasury secretary under George Washington, uh, wanted to revive the idea and his nemesis Jefferson thought that was a horrible idea because he thought it would create too much centralized governmental power. Alexander Hamilton becomes secretary of the treasury on September 11th, 1789 with a strong vision of where the nation should go, and he produced several monumental

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