Alexander Hamilton believed that a national bank would strengthen the central government primarily because "The bank would help provide stability for the U.S. economy." He argued that a national bank would facilitate financial transactions, regulate currency, and provide a stable environment for economic growth, which in turn would enhance the federal government's authority and ability to manage the nation's finances effectively.
Why did Alexander Hamilton think a national bank would strengthen the central government? (1 point) Responses The bank would help provide stability for the U.S. economy. The bank would help provide stability for the U.S. economy. The bank would create a monopoly that would eliminate state banks. The bank would create a monopoly that would eliminate state banks. The bank would encourage foreign competition for manufactured goods. The bank would encourage foreign competition for manufactured goods. The bank would have the power to regulate interstate commerce.
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