Question

Explain why you agree or disagree with Hamilton’s plan for a national bank. Tell why you think it helped our country or harmed it.

Answer 1

I personally agree with having a national bank. The purpose of inventing the national bank was because the United States had massive war debts after Revolutionary War. To make things even worse, all the states had different forms of currency, so repaying these debts was going to be very complex. By establishing a national bank, The states all switched to the "dollar", which made things much simpler and balancing.