jan 18, 1791 - The First National Bank

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Remember, even after the Revolutionary War, America was a loose confederation of states. Each state had its own currency and could control its own trade with other states and with anything that crossed its borders. Basically, the states had agreed to work together in fighting wars, but any other cooperation was essentially optional. It sounded good when it was written, but shortly after the war ended, reality set in.
George Washington was elected president in 1789 and appointed Alexander Hamilton as the first U.S. Secretary of Treasury. The job of the Secretary of Treasury is to manage the credit and monetary policy of the U.S. The challenge for Hamilton was that no central bank existed, so his job was to either create one or try to coordinate thirteen different currencies trading with each other, and find a way to get them to fund a federal government.

https://study.com/academy/lesson/alexander-hamilton-the-national-bank.html

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