alexander hamilton and the first bank - sunny...
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AlexanderHamiltonandtheFirstBankLesleyMaceSr.EconomicandFinancialEduca5onSpecialistFederalReserveBankofAtlanta-JacksonvilleBranchLesley.mace@atl.frb.org
MoneyMen
FirstBankoftheUnitedStates
HowmanybankswerethereintheUnitedStatesin1791?
FirstBankLesson• HowmanybanksdoyouthinktherewereintheUSin1791?
DiscussionQuestions• Howdidthecon,nentaldollarsbecomeprac,callyworthless?• Whataresomefunc,onsofamoderncentralbank?• Whatisalenderoflastresort?• Inthestreetscene,whydidthemerchantsaythattheUSneedsana,onalbank?• Inthestreetscene,whydidthefarmersaythatana,onalbankwasabadidea?
FirstBankinBusiness
HamiltonandtheNa:onalBankReading
• Whatfunc:onsdidthe1stBankperformfortheUSgovernment?Individuals?
• Howdiditaffecttheeconomy?
• WhydidtheFirstBankgooutofbusiness?
HamiltonversusJefferson• WhydidJeffersonopposetheFirstBank?
• WhatwasHamilton’sargumentfortheFirstBank?
ComparingCentralBanks
CabinetBattle#1
Questions??
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