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The Ethical Dilemmas Of Alexander Hamilton

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Alexander Hamilton called for a Bank of the United States in his report on a National Bank, and he envisioned a central bank that would sustain a developing national economy.
This type of bank would replace some of the gold and silver money in circulation. This allows growth in business activity without the need to rely on exports to increase money supply.
Hamilton argued that a bank like this would strengthen the national government by lending money to it’s treasury.
Many congressmen argued that a bank like this was unconstitutional, possessed a monopoly on money, and favored the commercial north over the argurutlural South.
The First Bank of the United States was created in 1791. However twenty years later in the year of 1811, opponents

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