When did Alexander Hamilton start central banking?

Alexander Hamilton's grand experiment in central banking began in 1791 to assist a post-Revolutionary War economy and ended 20 years later. This 1830s painting titled 'Girard's Bank, late the Bank of the United States, in Third Street, Philadelphia' shows the building that housed the First Bank. Image via Library Company of Philadelphia

Why was Hamilton's report on a National Bank important?

Hamilton’s Report on a National Bank was a tribute to the depth of his thinking and the bitter lessons he and other officers in the Continental Army had drawn from the Revolutionary War, when neither the Continental Congress nor the state governments had proved capable of keeping their soldiers adequately paid and supplied.

Why did Alexander Hamilton create a National Bank?

As the first Secretary of the Treasury, Alexander Hamilton devised a plan to stabilize the financial system in the United States. A key part of his plan was the establishment of a national bank that would collect taxes, hold government funds, and make loans to the government and borrowers.