1. American Bank System
... brought a central banking authority onto the scene. In 1789 the new federal government established a position for the Secretary of the Treasury. As we know, the first to hold this prestigious title was Alexander Hamilton. He accomplished a great deal in the 11 years leading up to the year 1800. Most notably his actions were largely responsible for the creation of the First ... should be based on the welfare of the state, not the federal government. The power that Hamilton had as the Secretary of the Treasury, however, gave him great leeway to act despite the arguments that Madison and J...
- Word Count: 3632
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate