The First Bank of the United States was a central bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791.
Establishment of the Bank was included in a three-part expansion of federal fiscal and monetary power (along with a federal mint and excise taxes) championed by Alexander Hamilton, first Secretary of the Treasury. Hamilton believed a central bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution.
The First Bank building is now a National Historic Landmark located in Philadelphia, PA.
It's neat that the building is still standing! Pretty nice.
Me too! this past weekend we went to a gun store they just opened on our main street and its in the first bank of the town, the building is OLD and it still has the safe in the wall and everything.. all the details and the chandeliers, the wooden stairway smack in the middle.. it even smells old lol.. but i loved going in (we didnt want anything, just wanted to see the building inside). I like to stop and look around and imagine how many people would have passed through there, how they were dressed, etc.. (yeah Im weird like that lol).
Quoting momto3isme:
I love the detail on older buildings!
JOB!!!
- yvonne37
on May. 9, 2012 at 11:36 AM