Still, to win support for his plan, Hamilton had to make a political deal with several Congressmen. They would support his financial plan. But he had to use his influence to get the capital of the United States moved.
VOICE TWO:
At that time, the capital was in the north, in New York City. Two Congressmen from Virginia wanted it in the south near their homes along the Potomac River. Several Congressmen from Pennsylvania agreed. But they said the capital first must be moved to Philadelphia, the biggest city in their state. And it must remain there ten years.
Congress accepted this plan by a close vote. President Washington signed it.
It was well known that George Washington wanted the capital closer to his Virginia farm, Mount Vernon. Yet, there is no evidence that he ever asked any member of Congress -- or anyone else -- to help get it moved there.
(MUSIC)
VOICE ONE:
Alexander Hamilton's plan to re-pay the nation's debts caused much protest. However, another one of his financial plans caused even more. It was his plan to create a national bank.
Hamilton argued that there were central banks in Britain, France, Germany, and the Netherlands. He said the banks greatly helped those countries' commerce, industry and agriculture.
Hamilton said a central bank in the United States would increase the flow of money throughout the country. It would help the national government negotiate loans and collect taxes.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25