Why did alexander hamilton argue for the national government to issue a character for a national bank?

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21-09-2017
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Why did alexander hamilton argue for the national government to issue a character for a national bank?

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W0lf93 W0lf93 · Answer 1 · 2017-10-03T19:16:18+02:00

Alexander Hamilton argued for a national bank because it would provide a place to put all of the public funds in the newly formed, United States. It would also the entire nation to have the same paper currency, which would solve a lot of confusion and help better stabilize the economy. Overall, creating a national bank would help to unify the states together more because it would make sure that all of the state's economies were the same.