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explain how the creation of a National Bank was a result of both long-term and short-term causes?

Sagot :

26habruce

Answer:

needed because the government had a debt from the Revolutionary War,

Explanation:

How was the national bank created?

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. ... The First Bank's charter was drafted in 1791 by the Congress and signed by George Washington.

hoped that helped:P

jayilych4real

The creation of a National Bank was a result of both long-term and short-term causes because:

  • it was important so as to stabilise the economy of the newly created United States Constitution and to make them able to handle future financial transactions.

Based on the history of America, we can see that they were once colonists of Britain and after they rebelled and eventually got their independence, they needed to create their own government.

With this in mind, we can see that there was a need for their National bank to be stable and to improve the credit of the new country and also to be able to handle financial transactions on a larger scale.

Read more about National Bank here:

https://brainly.com/question/1334063

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