The original bank of the United States which Hamilton proposed...?A. found its strongest supporters among the state banks B. did not have its charter renewed when it expired in 1811. C. was strongly supported by southern planters. D. was unable to interest foreign investors in purchasing its stock. I know it's not C and I don't think it's B either. Is... | |
The First Bank of the United States was a bank chartered by Congress on February 25, 1791.[1]The charter was for 20 years. The Bank was created to handle the financial needs and requirements of the central government of the newly formed United States, which had previously been thirteen individual colonies with their own banks, currencies, and financial institutions and policies.
Officially proposed by Alexander Hamilton, Secretary of the Treasury, to the first session of the First Congress in 1790, the concept for the Bank had both its support and origin in and among Northern merchants and more than a few New England state governments. This same proposal was eyed with suspicion by the representatives from the Southern States, whose chief industry, agriculture, did not require centrally concentrated banks, and the feelings of states' rights and suspicion of Northern motives ran strong.
The Bank of the United States was to be housed in Philadelphia, Pennsylvania, one of the largest cities in the English speaking world of the eighteenth century. Located in Carpenters' Hall for several years when that city was the capital, it was designed by Samuel Blodgett and James Windrim. Its charter expired in 1811. It followed the Bank of North America and it was succeeded by the Second Bank of the United States. Your answer is B
gatita_63109
The Bank of the United States was a central bank chartered in 1791 by the U.S. Congress at the urging of Alexander Hamilton and over the objections of Thomas Jefferson. The extended debate over its constitutionality contributed significantly to the evolution of pro- and antibank factions into the first American political parties—the Federalists and the Democratic-Republicans, respectively. Antagonism over the bank issue grew so heated that its charter could not be renewed in 1811.
