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Question
- which of these was a reason hamilton and his supporters gave for creating a national bank?
a. to abolish state governments
b. to finance revolutionary war debts and create a uniform currency
c. to replace private investors entirely
d. to eliminate all state - chartered banks
- what happened to the first bank of the united states after its 20 - year charter ended?
Hamilton's National Bank was proposed to address post-Revolutionary War financial instability. Key goals included funding war debts and establishing a uniform currency to stabilize the national economy. Abolishing state governments (a) was not a goal; replacing private investors (c) and eliminating state-chartered banks (d) were not core reasons.
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b. To finance Revolutionary War debts and create a uniform currency