<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 is credited with founding the us mint and the first national bank in the united states
who is credited with founding the us mint and the first national bank in the united states
Alexander Hamilton
Alexander Hamilton