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The Bank of the United States was conceived in 1790 to deal with the war debt and to put the government on sound financial footing. It was intended to help fund the government’s debt and issue currency notes. Hamilton, then President George Washington’s Treasury secretary, was the architect of the Bank, which he modeled after the Bank of England.
Mar 24, 2023 · World War II and the Rise of Modern Banking . World War II may have saved the banking industry from complete destruction. For the banks and the Fed, the war required financial maneuvers involving ...
Jun 16, 2023 · Retail banking, also known as consumer banking or personal banking, is banking that provides financial services to individual consumers rather than businesses. Retail banking is a way for...
