AlexanderHaAlexander hamilton the first us secretary of the treasury believed that in order to creat a strong capitalistic economy

His main proposal for creating a strong economy was to open a national bank, the Bank of the United States. It could safely keep the federal government's funds and build ties between the US government and the wealth of citizens. There was a debate around the issue of whether the Constitution allowed the existence of such an institution. One of the Hamilton's opponents was Thomas Jefferson. However, president George Washington liked the idea, supported Hamilton and the bank was created.