How did the federal bank established by Hamilton function in the early years of the new nation?
A) It successfully served to collect and distribute the nation's resources.
B) It struggled to gain creditors and buy-in from the states.
C) It failed tying men of wealth to the new government but helped prevent inflation.
D) It succeeded in gaining creditors but still failed to pay off the debt.

Question

Quizplus · Accepted Answer

The federal bank established by Hamilton was designed to stabilize the American economy by collecting and distributing the nation's resources, among other functions. It played a crucial role in managing the country's finances, facilitating economic development, and ensuring a stable monetary system.

How Did the Federal Bank Established by Hamilton Function in the Early