<P> Establishment of the Bank of the United States was part of a three - part expansion of federal fiscal and monetary power , along with a federal mint and excise taxes , championed by Alexander Hamilton , first Secretary of the Treasury . Hamilton believed a national bank was necessary to stabilize and improve the nation 's credit , and to improve handling of the financial business of the United States government under the newly enacted Constitution . </P>
<P> Establishment of the Bank of the United States was part of a three - part expansion of federal fiscal and monetary power , along with a federal mint and excise taxes , championed by Alexander Hamilton , first Secretary of the Treasury . Hamilton believed a national bank was necessary to stabilize and improve the nation 's credit , and to improve handling of the financial business of the United States government under the newly enacted Constitution . </P>
persuaded congress to establish the first central bank in the united states
persuaded congress to establish the first central bank in the united states
Alexander Hamilton
Alexander Hamilton