... to roughly $66.5 million(Foner/Garraty, 193). This spectacular growth gave strength to state oriented economic growth. Naturally, de-centralist political forces began to evolve and conflicts ensued between federalists. The rest, as is often said, is history. The Banking Controversy at the Turn of the 19th Century It is impossible to appreciate the dynamics of the banking system in ... /hamil19.htm%23Origins). As Hamilton knew, after the establishment of the Bank of England, the British economy operated on the basis of a funded national debt, it had a large "paper capital" base, and most ...

• Word Count: 3632
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate