Alexander Hamilton proposed a plan for paying off the nation's immense debts. Thomas Jefferson and James Madison led the opposition to Hamilton's plan, framing their argument in terms of how the Constitution should be interpreted.

Question

What was one reason that Alexander Hamilton asked Congress to charter a National Bank?

A.
to strengthen ties between business and government

B.
to pay off the national debt

C.
to pay the annual interest on bonds

D.
to help the growth of the nation's agricultural economy

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Answer 1

A reason that Alexander Hamilton asked Congress to charter a National Bank was:

A. to strengthen ties between business and government

Hamilton believed that a National Bank would help stabilize and improve the nation's credit, facilitate the collection of taxes, and provide a reliable currency, thereby fostering a strong partnership between the government and the business community.