Question
why Hamilton argued in favor of a national bank? A. to encourage states to contribute to the federal government B. to help the federal government with its financial matters C. to increase state authority over the federal government D. to prevent the federal government from overspending
Answers
GPT-4o mini
B. to help the federal government with its financial matters
Alexander Hamilton argued in favor of a national bank primarily to stabilize and improve the nation's credit, facilitate the financial dealings of the federal government, and create a standard medium of exchange. A national bank would help manage debts, provide a source of capital, and support the overall financial system of the young nation.
Alexander Hamilton argued in favor of a national bank primarily to stabilize and improve the nation's credit, facilitate the financial dealings of the federal government, and create a standard medium of exchange. A national bank would help manage debts, provide a source of capital, and support the overall financial system of the young nation.