First National Bank of America Form

Instructions and help about First National Bank Of America

early in George Washington's presidency Alexander Hamilton championed the establishment of the first bank of the United States but Thomas Jefferson thought that it would endanger Liberty ignite a constitutional crisis and set a very dangerous precedent in this video I'll explain why [Music] in 1789 first president George Washington tapped Robert Morris to head the new Treasury Department Morse turned the appointment down suggesting Alexander Hamilton instead as a friend of Hamilton since the war for independence Washington agreed appointing Hamilton to the position from the get-go Hamilton advanced an economic platform that called for a British style National Bank believing it would help establish credit with foreign governments inspire public confidence and stabilize American currency the bank would be privately held but had public duties he made a case for the institution in his 1790 report on a National Bank which called for Congress to consider and pass a lot to charter the institu