Question

_______ agreed with Alexander Hamilton National Bank set up in 1791

Answer 1

Do you have choices?

Answer 2

No

Answer 3

[AI-generated answer — Explain Bot]

To find out who agreed with Alexander Hamilton on the establishment of the National Bank set up in 1791, we need to look at the historical context and the debates that took place during that time.

In the early days of the United States, there were two primary political factions: the Federalists, led by Alexander Hamilton, and the Democratic-Republicans, led by Thomas Jefferson and James Madison. Alexander Hamilton strongly advocated for the creation of a national bank as part of his economic vision for the country.

Hamilton believed that a national bank was essential to establish a strong central government and stabilize the economy. He argued that the bank would provide a safe place to deposit government funds, issue a national currency, and provide loans to stimulate economic growth.

On the other hand, Thomas Jefferson and James Madison opposed the establishment of the national bank. They believed that the U.S. Constitution did not grant the federal government the power to create such an institution. They argued that the power to create a national bank should be left to the individual states, as enumerated by the Tenth Amendment.

Despite the opposition, Alexander Hamilton's proposal for the national bank was supported by President George Washington. In 1791, the U.S. Congress passed the bill to establish the First Bank of the United States, with the help of President Washington's approval.

Therefore, the person who agreed with Alexander Hamilton on the establishment of the National Bank set up in 1791 was President George Washington.