who is credited with founding the us mint and the first national bank in the united states
First Bank of the United States Establishment of the Bank of the United States was part of 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 national 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.
Second Bank of the United States Modeled on Alexander Hamilton's First Bank of the United States,[14] the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817,[15][16] managing twenty-five branch offices nationwide by 1832.[17]
Sons of Liberty In 1765, the British government needed money to afford the 10,000 officers and soldiers living in the colonies, and intended that the colonists living there should contribute.[5] The British passed a series of taxes aimed at the colonists, and many of the colonists refused to pay certain taxes; they argued that they should not be held accountable for taxes which were decided upon without any form of their consent through a representative. This became commonly known as "No Taxation without Representation." Parliament insisted on its right to rule the colonies despite the fact that the colonists had no representative in Parliament.[6] The most incendiary tax was the Stamp Act of 1765, which caused a firestorm of opposition through legislative resolutions (starting in the colony of Virginia), public demonstrations,[7] threats, and occasional hurtful losses.[8]
Great Scott It originates as a minced oath, historically associated with two specific "Scotts", notably Scottish author Sir Walter Scott and somewhat later in the United States, US general Winfield Scott.