Fiscal Program and Related Funding Measures
- When
- circa 1790–1791
- Where
- Federal fiscal policy context
The bank formed part of a three-part expansion of federal fiscal power; Hamilton also proposed raising duties on imported spirits and an excise on whiskey to meet government payment obligations.
Establishment of the Bank of the United States was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Hamilton. To meet government account demands—including interest payments on assumed state debts beginning at the end of 1791, requiring $788,333 annually plus $38,291 for deficiencies—Hamilton repeated a suggestion to increase the duty on imported spirits and raise the excise tax on domestically distilled whiskey and other liquors.
Sources
- First Bank of the United States Wikipedia, revision of 2026-09-12
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.