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6/28/20

[Answer] Which was the first bank founded in the U.S.?

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Which was the first bank founded in the U.S.?


  • Bank of the United States:The United States faced crushing debt and a doubtful commercial future following the Revolutionary War. Alexander Hamilton, the nation's Secretary of the Treasury, proposed the establishment of a national bank, giving the federal government the needed authority to deal with the new country's fiscal situation. This bold move laid the foundation for the U.S. financial system. After much heated debate, the Congress granted the Bank of the United States a 20-year charter that began in December 1791. The nation's first bank is now commonly known simply as the First Bank. Source: NPS.gov



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