In the early 1790s, Alexander Hamilton wanted to create a national bank that could

hold money that belonged to private citizens.

issue a currency that could be used in every state.

issue different currencies for each state.

hold money that belonged to businesses.

Question

Melina Hoffman

History

9 February, 02:47

In the early 1790s, Alexander Hamilton wanted to create a national bank that could

hold money that belonged to private citizens.

issue a currency that could be used in every state.

issue different currencies for each state.

hold money that belonged to businesses.

+5

Answers (2)

Know the Answer?

Isabella Reed · Answer 1

He created the national bank so that he could issue a currency that could be used for all of the states. Before he creates the national bank, states would print their own currency. However, the price for each dollar varies in different state. This cause a major conflict within the US because Americans would have a hard time buying products with a different state currency. Which eventually lead to the popularity of using gold and silver as currency. But, if I were to have $100 New York money for example, how much does that actually worth? How much gold or silver can I exchange it for?

Alena Cohen · Answer 2

Issue a currency that could be used in every state.

In the early 1790s, Alexander Hamilton wanted to create a national bank that couldhold money that belonged to private citizens.issue a currency that could be used in every state.issue different currencies for each state.hold money that belonged to businesses.

In the early 1790s, Alexander Hamilton wanted to create a national bank that could

hold money that belonged to private citizens.

issue a currency that could be used in every state.

issue different currencies for each state.

hold money that belonged to businesses.