Question

What is Alexander Hamilton's opinion on establishing a national bank?

Answer 1

He said " If we assume the debts, the Union gets a new line of credit a financial diuretic, how do you not get it? If we're aggressive and competitive, the Union gets a boost, you'd rather give it a sedative?"

Step-by-step explanation:

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Answer 2

Hamilton believed a national bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution.

Step-by-step explanation:

If Congress had other ways to secure its objectives, a nationally incorporated bank was unnecessary and improper. He also thought that a national bank was unconstitutional because the Tenth Amendment reserved all unenumerated powers to the states.