Wednesday, September 30, 2009
My plans for a national bank
In 1781 I made a plan for a National Bank and submitted it to Congress. It was approved and became The Bank of North America, an institution that brought stability to the colonial economy, facilitated continued finance of the War effort, and would ultimately establish the credit of the United States with the nations of Europe. I was immediately appointed Financial Agent (Secretary of Treasury) of the United States, in order to direct the operation of the new bank.
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