Hamilton & The National Bank (Slides 5 & 6)

paying off the national debt

paying off his supporters

paying off George Washington

taking his photo for the $10 bill

to keep the United States citizens happy

needed to keep peace with other countries to avoid war

the state governments never supported the Revolution

to help the national economy

win the South's support to pay part of the states' debts

win the North's support to pay part of the states' debts

a place for the government to safely deposit money

so loans could be given to the government

so loans could be given to businesses

Hamilton was against the national bank

gives state government too much power over the national govt

gives national government too much power over the state govt

he limited the bank's charter for 10 years & we will look again

he limited the bank's charter for 15 years & we will look again

he limited the bank's charter for 20 years & we will look again

he limited the bank's charter for 30 years & we will look again

not enough power to the national government

gave too much power to the national government

Constitution did not give Congress power to create a bank

Constitution did give Congress power to create a bank

the govt should do only what the Constitution says it can

the govt can take actions the Constitution does not forbid

the govt should do only what the Constitution says it can

the govt can take actions the Constitution does not forbid

Bank of America

Bank of the United States