Why did Alexander Hamilton think a national bank would strengthen the central government?

Question

(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.
The bank would have the power to regulate interstate commerce.
Question 2
Q 2

Answer 1

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.

By establishing a national bank, Hamilton aimed to create a stable currency, manage government finances, and facilitate a credit system, which would all contribute to a stronger national financial framework and therefore a stronger central government.