A wonderful piece in which Hamilton defends the constitutionality of the National Bank of America. Written in 1791, it is addressed to the then American president George Washington. It stresses the economic benefits emerging from establishment of the bank. He wrote it in response to the questions raised by Secretary of State, Thomas Jefferson, regarding the legality of the issue. Informative!

Bibliographical footnotes. Report relative to a provision for the support of public credit, January 9, 1790.--The second report on the further provision necessary for establishing public credit (Report on a national bank) December 13, 1790.--Opinion on the constitutionality of the bank, February 23, 1791.--Report on manufactures, December 5, 1791.

Alexander Hamilton was an American revolutionary, statesman, and Founding Father of the United States. In this report of 1791, he advocated a national bank called the Bank of the United States, modeled after the Bank of England. Hamilton believed that a national bank was required to stabilize and improve the nation's credit and to improve the financial order, clarity, and precedence of the United States government under the newly legislated Constitution.