Alexander Hamilton and the First Bank - SUNNY...

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Alexander Hamilton and the First Bank Lesley Mace Sr. Economic and Financial Educa5on Specialist Federal Reserve Bank of Atlanta- Jacksonville Branch [email protected]

Transcript of Alexander Hamilton and the First Bank - SUNNY...

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AlexanderHamiltonandtheFirstBankLesleyMaceSr.EconomicandFinancialEduca5onSpecialistFederalReserveBankofAtlanta-JacksonvilleBranchLesley.mace@atl.frb.org

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MoneyMen

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FirstBankoftheUnitedStates

HowmanybankswerethereintheUnitedStatesin1791?

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FirstBankLesson•  HowmanybanksdoyouthinktherewereintheUSin1791?

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DiscussionQuestions• Howdidthecon,nentaldollarsbecomeprac,callyworthless?• Whataresomefunc,onsofamoderncentralbank?• Whatisalenderoflastresort?•  Inthestreetscene,whydidthemerchantsaythattheUSneedsana,onalbank?•  Inthestreetscene,whydidthefarmersaythatana,onalbankwasabadidea?

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FirstBankinBusiness

HamiltonandtheNa:onalBankReading

•  Whatfunc:onsdidthe1stBankperformfortheUSgovernment?Individuals?

•  Howdiditaffecttheeconomy?

•  WhydidtheFirstBankgooutofbusiness?

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HamiltonversusJefferson• WhydidJeffersonopposetheFirstBank?

• WhatwasHamilton’sargumentfortheFirstBank?

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ComparingCentralBanks

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CabinetBattle#1

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Questions??


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