This document is Alexander Hamilton's 1790 “Report on a National Bank”. It provides a detailed argument for establishing a national bank in the United States. Hamilton begins by reviewing the history and advantages of public banks, refuting common criticisms against them. He then addresses the existence of a national bank in North America, arguing for the creation of a new, larger institution. The report goes on to outline Hamilton’s proposed plan for this national bank, specifying its capital structure, governance, and powers. The report concludes by justifying the need for such a bank in the context of the young nation’s financial situation and development.
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