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After he succeeded in clearing his program on the national debt through Congress

After he succeeded in clearing his program on the national debt through Congress

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After he succeeded in clearing his program on the national debt through Congress,  Hamilton turned to the urgent matter of the banking problem. Since his early days as a  New York Assemblyman, Hamilton had advocated that a new  national bank  should be  created to control the nation's wealth and finances. Now, as the head of the national  treasury, Hamilton had more political weight, and in 1790 he presented a proposal to  Congress to create a National Bank with one central branch and several regional  branches throughout the country. The total initial worth of the bank would be ten million  dollars, and capital would be exchanged for shares sold to the public. Although the  National Bank would be independent from the government, Hamilton's plan also  stipulated that the federal government would hold one fifth of the bank's total stock. 
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