Hamilton justified establishing a national bank because he intended:

A. To serve as a means for foreign investors to stabilize the new government.
B. To encourage the wealthy to invest in the bank and become attached to the national government.
C. To provide loans that would strengthen the agrarian nature of the United States.
D. To gain support from southern cities such as Charleston, Savannah and Baltimore.

Question

20-04-2020
Business

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Hamilton justified establishing a national bank because he intended:

A. To serve as a means for foreign investors to stabilize the new government.
B. To encourage the wealthy to invest in the bank and become attached to the national government.
C. To provide loans that would strengthen the agrarian nature of the United States.
D. To gain support from southern cities such as Charleston, Savannah and Baltimore.

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Lanuel Lanuel · Answer 1 · 2020-04-22T02:36:42+02:00

Answer:

B. To encourage the wealthy to invest in the bank and become attached to the national government.

Explanation:

Alexander Hamilton proposed the idea of having a national bank and it was approved by the congress in 1791.

Hamilton justified establishing a national bank because he intended to encourage the wealthy to invest in the bank and become attached to the national government.

The national bank had $10,000000 (Ten million dollars) in capital.