Question

As treasury secretary, Alexander Hamilton Select one: a. wanted to eliminate the national debt. b. opposed the federal government’s assumption of state debts. c. supported the creation of a national bank. d. encouraged the federal government to focus on the needs of the independent farmer. e. All these answers are correct.

Answer 1

Answer:

C) supported the creation of a national bank.

Explanation:

As the first treasury secretary, Alexander Hamilton supported the creation of a national bank because he believed it would strengthen the national economy, since the country had been recently formed.

He finally succeeded in creating the Bank of the United States in 1791, which was the first national bank of the US. The Bank of the US started operating in 1797 in Philadelphia.