How a Bank Works Impacts of Hamilton's plan Hamilton's Financial Plan People who help Hamilton and how his plan helps other people Facts about Alexander Hamilton
100
Banks make money by getting interest from loans and deposits
How do banks make their money?
100
Hamilton wanted to gain their support for the new government.
Why did Hamilton think that paying back the rich men who the US loaned money from was a good idea?
100
Hamilton's Financial plan reflected Hamilton's belief in a strong central government
Hamilton's Financial plan reflected Hamilton's belief in a strong ______________ government
100
Hamilton wanted the federal government to pay off war debts of the states, but the southern states had already paid off their debts and did not want to help the Northern states with paying theirs.
Why did Hamilton ask Thomas Jefferson to help him gain southern support?
100
TRUE
TRUE OR FALSE:
Alexander Hamilton was a founding father
200
The loans allow the businesses to created more products, which allows them to higher wages and then pay back the loans.
Why do loans from a bank help businesses expand and grow?
200
The bank could help pay back war debts from the Revolutionary War to now
Why did Hamilton think the bank was a good idea?
200
Congress
Who did Hamilton present his plan to after he created it?
200
The southern states would help the Northern states pay their war debts if, the Northerners agreed to place the Nations capital in the South (it is now in Washington DC)
What was the compromise that the Southern and Northern States came to after the Southern states agreed to help the Northern States pay their war debts?
200
Ratifying the constitution and creating his financial plan.
What is Hamilton best known for?
300
Banks work with three steps that repeat itself
STEP 1: Workers use their wages to buy the goods and services they want. They deposit some money into their bank as savings because banks pay them interest
STEP 2: Banks use the money they receive in deposits to lend to people who need it. Banks charge interest for this
STEP 3: Businesses use the loans to create new products and higher wages

How do Banks work?
300
a tax on imported goods.
What are tariffs?
300
paying off all the war debts, raising government revenues, and creating a national bank
According to Hamilton, what were the three steps to improving the nations finances?
300
Hamilton showed the other countries to show that the US was responsible with money and allow them to loan money from these other countries and places.
Why did Hamilton show other countries that the U.S. was responsible with money?
300
He was born in Central America in Charlestown, St Kitts & Nevis
Where was Alexander Hamilton born?






Alexander Hamilton and Banks

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