Why did Alexander Hamilton want a national bank created?

Alexander Hamilton also organized the nation's finances. One of his first steps was to pay back the debt the country owed from the Revolutionary War. But Hamilton wanted to go much further. He wanted to establish a national bank. Hamilton argued that many European countries had national banks. read more

Quick Answer. Alexander Hamilton supported a national bank because the United States needed some way to recovery financially after the Revolutionary War. At the time, the United States had no common currency. The creation of a national bank would facilitate the creation of a common currency. read more

But the Bank of the United States, like many of Hamilton's other projects, would generate controversy. Alexander hamilton's statue in front of the Treasury Building in Washington, D.C. 1980. Courtesy: Library of Congress. Financial Footing for a New Nation Hamilton had long believed in the need for banks to provide credit and stimulate the economy. read more