annotations

"First Bank of the United States." Ushistory.org. Independence Hall Association. Web. 20 Oct. 2009. .

The First Bank of the U.S was made because the government needed to pay off its debt from the Revolutionary war and to unify the states by using a single form of currency

Rescigno, David. "First Bank of the United States." Wikipedia. Web. 23 Oct. 2009. .

The First Bank was proposed by Alexander Hamilton, the Secretary of the Treasury , to the First session of the first Congress as an economic plan in 1790

Cowen David. "EH.Net Encyclopedia: First Bank of the United States." EH.Net | Economic History Services. Web. 02 Nov. 2009. .

The First Bank had eight branches nationwide. The banks start up funds was $10million. $8million from private sources and $2million from the government. 

"First Bank of the United States, Philadelphia." A View On Cities. Web. 19 Nov. 2009. .

Do to many different currencies the U.S lacked a stable financial environment.

EH.net

"First Bank of the United States." Travel and History. Web. 06 Nov. 2009. .

Jefferson opposed the bank because the constitution don't state the had the power to make it.

"StateMaster - Encyclopedia: First Bank of the United States." StateMaster - US Statistics, State Comparisons. Web. 19 Nov. 2009. .

James Madison disapproved of the bank because he don't want the U.S to follow the some path as England who had many federal banks.

"EH.Net Encyclopedia: First Bank of the United States." EH.Net | Economic History Services. Web. 24 Nov. 2009. .

The First Bank infused enough money to the new economy to provide the new nation with sufficient fund to give out loans to private citizens and to other banks.