Tips for First Bank of the United States
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Joined 10 years ago
September 08, 2004
Before the Constitution stepped in, the First Bank of the United States had its own monetary monopoly..
In Short
Built at the end of the 18th century, the First Bank was the country's original central bank. But opposition to the bank's financial policies from farmers and merchants, along with the political ambition of Alexander Hamilton's enemies, led to its charter being revoked in 1811. In 1812 Stephen Girard reopened the building as a privately held bank. This building is closed to the public, but it is part of Independence Park. Its exteriors have been renovated to display Samuel Blodget's designs, which were rendered in marble.
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