who owned the first bank of the united states
First Bank of the United States The President, Directors and Company, of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto central bank.
First Bank of the United States Hamilton's bank proposal faced widespread resistance from opponents of increased federal power. Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population.
Economic nationalism While the coining of the term "
McCulloch v. Maryland The Court determined that Congress had the power to create the Bank. Chief Justice Marshall supported his conclusion with four main arguments:[3]