George Washington

1
George Washington

• No party1790-97

2
The National Bank1790-91 (N.B.)

• Ham wanted a strong economy. He proposed the
  established of a N.B. to keep govt accounts. The
  bank would prints paper money and give out loans
  to farmers and businesses from the taxes
  collected. This would encourage the growth of the
  economy.

3
Opposing View points

• Federalist
• N.B. would strengthen ties between rich and
  government
• Make bank able to give loans for new businesses.

4
Opposing view points

• Republicans
• N.B. gives too much power to fed. Govt and to
  the wealthy

5
Results/effects

• 1791 congress approves N.B increased power if
  fed. government growing disunity between parties.