Question

Why did Hamilton want to create a national bank?

He thought it could make him a rich man.
George Washington asked him to do it.
He felt it would help the new government manage the money supply.
He thought it would serve as the best repository for the collection of
income taxes.
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Answer 1

Alexander Hamilton wanted to create a national bank to manage the money supply and stabilize the economy.

Step-by-step explanation:

Alexander Hamilton wanted to create a national bank because he believed it would help the new government manage the money supply. He saw the bank as a way to centralize financial power and stabilize the economy. By establishing a national bank, Hamilton aimed to provide a secure repository for the collection of income taxes and create a stronger foundation for the country's financial system.

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