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Madison also argued that it is unconstitutional because the constitution says nothing about having a National Bank. The National bank was needed because the government had a debt from the Revolutionary War and each state had a different currency. In the end, Hamilton convinced Washington and the majority of the congress, which resulted in the establishment of the Bank of the United States...
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The National bank was needed because the government had a debt from the Revolutionary War and each state had a different currency. In the end, Hamilton convinced Washington and the majority of the congress, which resulted in the establishment of the Bank of the United States.
Ever since the end of the War of 1812, British goods, such as iron and textiles, were sold far below the cost of American made goods...
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