Question

government a safe place to keep money. it would also make loans to businesses and the government. most important, it would issue bank notes - paper money that could be used as currency. overall, hamiltons plan would strengthen the central government. however, this worried jefferson and madison.
how banks work
why did hamilton want to create a national bank? he believed that such a bank could help the economy of the new nation. it would create a partnership between the federal government and american business.
lets say you deposited money into a bank account. then you went back another day to withdraw some of the money. what happened in the meantime? did the money just sit in the bank until you wanted it back? no - the bank used your money, and in doing so, helped fuel economic growth. in this way, money flows in a circular path from people like you into the general economy and back to you again. in the process, money can create goods and services, jobs, and profits, as the diagram explains.
5 ws for hamiltons financial plan
who
what
when
where
why/how important

Explanation:

• WHO: Alexander Hamilton.
• WHAT: Create a national bank to keep money safe, make loans, issue bank notes.
• WHEN: In the early days of the new nation (not precisely dated in text).
• WHERE: In the United States (federal level).
• WHY/HOW important: Strengthen central government, help economy (create partnership, fuel economic growth via money flow for goods, services, jobs, profits as per bank - money - economy cycle).

Answer:

WHO: Alexander Hamilton
WHAT: Create a national bank (safe money - keeping, loan - making, bank - note - issuing)
WHEN: Early days of the new nation (not precisely dated)
WHERE: United States (federal)
WHY/HOW important: Strengthen central government; help economy (partnership, money - economy cycle for growth)