Saturday, September 11, 2010

The First Bank of the U.S.

Alexander Hamilton conceived The First Bank of the United States in the late 1780s. This was done to address the government's massive Revolutionary War debt and to create a standard form of currency in all the states. The bank was very controversial in the fledgling constitutional republic. Despite the debate the bank was built in the U.S. capital of Philadelphia.
More Famous Firsts

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