Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley...

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Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta- Jacksonville Branch [email protected]

Transcript of Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley...

Page 1: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

AlexanderHamiltonandtheFirstBankLesleyMaceSr.EconomicandFinancialEduca5onSpecialistFederalReserveBankofAtlanta-JacksonvilleBranchLesley.mace@atl.frb.org

Page 2: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

MoneyMen

Page 3: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

FirstBankoftheUnitedStates

HowmanybankswerethereintheUnitedStatesin1791?

Page 4: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

FirstBankLesson•  HowmanybanksdoyouthinktherewereintheUSin1791?

Page 5: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

DiscussionQuestions• Howdidthecon,nentaldollarsbecomeprac,callyworthless?• Whataresomefunc,onsofamoderncentralbank?• Whatisalenderoflastresort?•  Inthestreetscene,whydidthemerchantsaythattheUSneedsana,onalbank?•  Inthestreetscene,whydidthefarmersaythatana,onalbankwasabadidea?

Page 6: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

FirstBankinBusiness

HamiltonandtheNa:onalBankReading

•  Whatfunc:onsdidthe1stBankperformfortheUSgovernment?Individuals?

•  Howdiditaffecttheeconomy?

•  WhydidtheFirstBankgooutofbusiness?

Page 7: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

HamiltonversusJefferson• WhydidJeffersonopposetheFirstBank?

• WhatwasHamilton’sargumentfortheFirstBank?

Page 8: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

ComparingCentralBanks

Page 9: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

CabinetBattle#1

Page 10: Alexander Hamilton and the First Bank - Sunny Money · Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta-

Questions??