First Bank of the United States (25 févr. 1791 – 1 févr. 1811)
Description:
~Founded by Mr. Alexander Hamilton and Federalists~Bank was granted with a 20-year charter
~Money from taxes were held in the First Bank then issued as representative money in the form of bank notes, backed by gold and silver
~The bank was not geared towards "ordinary people" who needed loans (ec. Farms and small businesses)
~Anti-federalists stated that the constitution does not directly give congress the power to create a National Bank
Ajouté au bande de temps:
Date:
25 févr. 1791
1 févr. 1811
~ 19 years