... thrust towards central banking was only to last 20 years, however. Up for review in 1811, the bank's charter was not renewed. This paper will argue that the failure to renew the First Bank of the United State's charter was a direct result of the strong ideological differences between state centered and federalist politics. Many were very skeptical about a strong centralized banking system, while others believed that ... .jmu.edu/polisci/madison/hamil19.htm%23Origins). As Hamilton knew, after the establishment of the Bank of England, the British economy operated on the basis of a funded n...

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