Rise Of The Second Bank In The 1790 Research Paper
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The decade 1790-1836 focuses on the economic benefits that the Bank of the United States contributed to its economy. The first proposal of the bank during Hamilton’s time period showed that the bank has the power to collect taxes from the people which strengthened the Constitution and handle the financial needs of the government. Unfortunately, President Andrew Jackson closed the bank for he believed that it would cause harm to the common man. The rise of the second bank allowed the U.S to enrich their economy once again. The bank serves as a financial establishment that collects taxes and invests money deposited by clients.
During the 1790s, Alexander Hamilton proposed that the entire national debt should be payed off through taxing the