<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>
who proposed the creation of the bank of north america modeled on the bank of england
who proposed the creation of the bank of north america modeled on the bank of england
Alexander Hamilton
Alexander Hamilton