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Essay

American Banking

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Issue:

Business

 

Written by:

Bennie H

 

Date added:

October 5, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

13 / 3638

 

Was viewed:

5683 times

 

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Essay content:

It was ad hoc in nature and directly linked to the merchant banking practices of the pre-independence period. The years preceding the turn of the century were important because they brought a central banking authority onto the scene. In 1789 the new federal government established a position for the Secretary of the Treasury...
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As we know, the first to hold this prestigious title was Alexander Hamilton. He accomplished a great deal in the 11 years leading up to the year 1800. Most notably his actions were largely responsible for the creation of the First Bank of the United States, which was given a charter in 1791. This thrust towards central banking was only to last 20 years, however...
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