Alexander Hamilton and the First Bank - SUNNY...
Transcript of Alexander Hamilton and the First Bank - SUNNY...
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AlexanderHamiltonandtheFirstBankLesleyMaceSr.EconomicandFinancialEduca5onSpecialistFederalReserveBankofAtlanta-JacksonvilleBranchLesley.mace@atl.frb.org
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MoneyMen
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FirstBankoftheUnitedStates
HowmanybankswerethereintheUnitedStatesin1791?
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FirstBankLesson• HowmanybanksdoyouthinktherewereintheUSin1791?
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DiscussionQuestions• Howdidthecon,nentaldollarsbecomeprac,callyworthless?• Whataresomefunc,onsofamoderncentralbank?• Whatisalenderoflastresort?• Inthestreetscene,whydidthemerchantsaythattheUSneedsana,onalbank?• Inthestreetscene,whydidthefarmersaythatana,onalbankwasabadidea?
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FirstBankinBusiness
HamiltonandtheNa:onalBankReading
• Whatfunc:onsdidthe1stBankperformfortheUSgovernment?Individuals?
• Howdiditaffecttheeconomy?
• WhydidtheFirstBankgooutofbusiness?
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HamiltonversusJefferson• WhydidJeffersonopposetheFirstBank?
• WhatwasHamilton’sargumentfortheFirstBank?
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ComparingCentralBanks
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CabinetBattle#1
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Questions??