Question

2. After the American Revolution why was there a need to establish a stable banking system?

Answer 1

Federalists wanted a

centralized banking

system and Alexander

Hamilton, as Secretary of

the Treasury, proposed a

national bank in 1789.

• Antifederalists, like

Thomas Jefferson,

opposed this plan.

– They favored a

decentralized banking

system in which states

established and

regulated banks within

their borders.

Explanation: