Relationship Between George Washington And Alexander Hamilton

Alexander Hamilton met George Washington when he was his secretary of treasury. George Washington used him to help with his army that he had. When Alexander Hamilton helped George Washington he realized America was really finacial under.Alexander Hamilton didn’t like the fact the United States were in debt so he decided to make a banking system to get America out of debt. With the help of George Washington, Alexander Hamilton set up a national banking system in major cities across the United States.

Alexander Hamilton planned to retire the old depreciated obligations by borrowing new money at a lower interest rate. In the beginning, Alexander Hamilton proposed the idea for solving the debt problem the United States to George Washington. George Washington wasn't too thrilled about that idea because he thought it violated the constitution and did not support Alexander Hamilton's idea on solving the United States dept. Alexander Hamilton later advocated his idea of the national bank of exerting objections by Thomas Jefferson explaining that it wouldn't violate the constitution to congress and George

Washington. This convinced George Washington and helped Alexander Hamilton with the process of building the bank.
Congress gave Alexander Hamilton twenty year consent and hold ten million dollars in the bank.

With George Washington is agreeing with the plan to build the bank with Alexander Hamilton, they had to decide where it was going to be built. Alexander Hamilton and George Washington decide to place the National Bank in Philadelphia. This provided three hundred plus jobs and more tax collector offices. After Alexander Hamilton and George Washington agreed on Philadelphia they had to decide how the system of the bank was going to work. The bank was going to be used for loans, accepting deposits, issuing banknotes and purchasing securities. Five out of the twenty five were picked by the United States and the twenty others were picked by the private investors. The bank had to have investors to provide loans to consumers to make a profit on the fees and

interests.
People were troubled that the two thirds of the stock in the bank was held by the British.
Most of the investors with Alexander hamilton were really excited for them to start doing stuff. Alexander Hamilton was one of the secretaries in the bank. Alexander Hamilton had other financial reforms that were paying off war debt and establishing stable monetary. In order to put the finances of the government Alexander Hamilton and George Washington had to help with revenue collection, lending to private investors. This provided sizable currency and having credit to businesses. This showed other investors that they can trust the bank and put their money and loan money to the bank. Alexander Hamilton's banking system was more of as an example for other banks to be built. His bank was established in 1791.
Alexander Hamilton had a major impact in creating the first national bank with George Washington. Alexander Hamilton put his own investment to set the bank in motion. He also had to convince president George Washington and congress to allow him to build and start the National bank. He then created the financial branches with other private investors, thus creating enough money to keep the bank and open it have other investors to contribute. If it was not for Alexander Hamilton and his idea with the United States debt problem we would not have very good financial problems.