What ability did Alexander Hamilton want the national bank to have?
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the ability Alexander Hamilton wanted the national bank to have was the following;
The ability to lend money to the federal government.
He believed that in order to succeed, the country needs to be an industrial country. In order to develop it needs loans which can only be taken from a national bank. Hence, he wanted the national bank to have the ability to lend money to the federal government.
the ability Alexander Hamilton wanted the national bank to have was the following;
The ability to lend money to the federal government.
He believed that in order to succeed, the country needs to be an industrial country. In order to develop it needs loans which can only be taken from a national bank. Hence, he wanted the national bank to have the ability to lend money to the federal government.
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Alexander Hamilton was the first secretary of treasury in America. He believed that a national bank would increase the flow of money throughout the country and keep the states from competing with each other.
It would bring stability to the American Economy and bring it out of the post- Revolutionary depression.
In times of need it could lend money to the federal government and provide credit facilities to investors, farmers and businessmen.
It would bring stability to the American Economy and bring it out of the post- Revolutionary depression.
In times of need it could lend money to the federal government and provide credit facilities to investors, farmers and businessmen.
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