________ was most responsible for the creation of the Bank of the United States.

Question

Quizplus · Accepted Answer

Alexander Hamilton was most responsible for the creation of the Bank of the United States. As Secretary of the Treasury under President George Washington, Hamilton proposed the creation of a national bank as a means of stabilizing the nation's finances and promoting economic growth. He argued that a national bank would provide a safe place for the government to deposit its funds, issue paper currency that would be accepted across state lines, and provide loans to businesses to promote commerce and industry. Despite opposition from some, including Thomas Jefferson and James Madison who questioned the constitutionality of a national bank, Hamilton was able to persuade Washington and Congress to create the Bank of the United States in 1791.

________ Was Most Responsible for the Creation of the Bank