History of the United States I / Unit 8 USH1 1060 short lesson, about 20 seconds
The Bank of the United States
Captions available
The idea
Hamilton's Report on a National Bank of December seventeen ninety proposed a bank on the model of the Bank of England, jointly owned by stockholders and the federal government.
In practice
Federal bank notes circulating as currency, with government revenue from land sales held there.
Where people slip
Jefferson argued the Constitution did not permit a national bank. Washington backed Hamilton and signed it in seventeen ninety-one.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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