Wednesday 6 January 2016

7 JAN 1782 1st BANK OF NORTH AMERICA-PHILADELPHIA

First Bank of the United States

firstbank

The war left us in debt. Some states were bankrupt. We needed one unified currency ... Hamilton suggested a central bank. (Please note the classical facade!)

1840 BANK NOTE
bank note
Click to learn more about this 1840 bank note, number 8894
The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. It was built while Philadelphia was still the nation's capital. Alexander Hamilton conceived of the bank to handle the colossal war debt — and to create a standard form of currency.
Up to the time of the bank's charter, coins and bills issued by state banks served as the currency of the young country. The First Bank's charter was drafted in 1791 by the Congress and signed by George Washington. In 1811, Congress voted to abandon the bank and its charter. The bank was originally housed in Carpenters' Hall from 1791 to 1795. The neo-classical design of the bank was intended to recall the democracy and splendor of ancient Greece. When you're there, note the eagle which crowns the two-story portico. At the time of the bank's creation the eagle had been our national symbol for only 14 years. The bank building was restored for the Bicentennial in 1976.
bullet Future home of the Civil War Museum of Philadelphia
bullet Oldest bank building in America
bullet Considered the oldest building in America with a classical facade
bullet Bank charter was in effect for only 20 years
bullet It cost $110,168.05 to build!
bullet The page you're reading now is a history of a bank which ceased operations in 1811; Microsoft tried to sell our website banking software and the story was carried by CNet in a 12/4/96 piece.
bullet Location: Third Street, between Chestnut and Walnut Streets (Map)
bullet Built: 1795-97
bullet Architects: Samuel Blodgett/James Windrim
bullet Style: Classical Revival
bullet Commissioned by: Congress on Hamilton's suggestion
bullet Tourism information: Not open to the public.
bullet Facilities: outdoor seating
bullet Cell phone tour: 267-519-4295, then press number 26
< Christ Church Burial Ground | Tour Index | Second Bank of the United States/Portrait Gallery >
ushistory.org
ushistory.org homepage
Permission to Use | Contact Us
Copyright ©1995-2013 by ushistory.org, owned by the Independence Hall Association

About 70,60,000 results (0.46 seconds) 

  1. Visit U.S.‎

    Adwww.gousa.in/‎
    Everything You Need To Know About Travelling To U.S., Find More Here
    Stay up to date on results for first us bank as bank of america.
    Create alert
    About 21,80,00,000 results (0.78 seconds) 
    Kharghar, Navi Mumbai, Maharashtra - From your Internet address - Use precise location
     - Learn more   
    Help Send feedback Privacy Terms




    Posted by at

    No comments:

    Post a Comment

    Subscribe to: Post Comments (Atom)