What kind of bank did Alexander Hamilton want and why?also if you could answer these it would help me study to pass for my test tomorrow... just, someone... PLEASE HELP (i need short answers so that i can study) 2) Why were people opposed to this type of a bank? 3) When war broke out between France and Britain in 1793 which country did Hamilton and the... |
Hamilton wanted a national banking system, rather than local or state banks operating without sufficient funds to weather recessions or widespread unemployment in a particular geographical area. States rights advocates wanted local banks for the local population. Regulation was questionable for local banks.
People wanted to know the bankers, rather than having people outside the area operating banks for certain segments of society while leaving many people out of the services of particular bank with biased loan policies.
Hamilton was inclined toward the British rather than the French who more continental.
Hamilton was a fan of the British style of government, but without the royalty.
