1. American Bank System
... of the 19th century reveals that the banking system was basically in upheaval over the federal/state divide. Put another way, the decade was marked by the debate over central vs. state led banking. During the decade, the forces led by Alexander Hamilton were dominant, though consistently losing ground. The inordinate power bestowed upon Hamilton as the first Secretary of the ... closest thing to a national currency that existed. States were adverse to the relative power of this centralist institution, and based on the bitter conflicts between Madison and Hamilton over state vs. federal ...
- Word Count: 3632
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate