Question

united states history i: beginnings to the industrial revolution ic qtr b behl continuous learning center - credit bearing (tutor) washingtons presidency hamiltons national bank proposal why did alexander hamilton want to create a national bank? choose two correct answers. to loan money to the federal government and businesses to keep the nation being drawn into foreign wars to limit the power of the federal government to develop a single currency for the nation to pay off the national debt with federal tax money this question requires at least 2 answers. assignment

Explanation:

• To loan money to the federal government and businesses: A national bank could provide financial support to the government and promote economic activities by lending to businesses.
• To develop a single currency for the nation: A unified currency would simplify trade and financial transactions within the country.
• To pay off the national debt with federal tax money: This was part of Hamilton's broader financial plan to strengthen the nation's fiscal position.

The option "to keep the nation being drawn into foreign wars" is not related to the purpose of a national bank. The option "to limit the power of the federal government" is contrary to Hamilton's intention as he aimed to strengthen the federal government.

Answer:

• to loan money to the federal government and businesses
• to develop a single currency for the nation
• to pay off the national debt with federal tax money