1789-1795 (1755-1804) Domenica Manno Period:3 Alexander Hamilton was born on the island of Nevis. Historians are not sure if he was born in 1755 or 1757. Nevis is now known as Saint Kitts. When the Revolution ended, government was in debt. Each State had a different currency. He decided to open the first bank of the United States. Chartered(leased) by the United States Congress on February 25, 1791. The purpose of the bank was to: Establish financial order for the newly formed United States. Establish credit for the new nation. To have one currency. The First Bank of the United States is a Historical Landmark located in Philadelphia, Pennsylvania near Independence Hall. Independence Hall and the First Bank of the United States. Hamilton and Burr were fighting because of political and personal bitterness. Tensions grew between them when Hamilton wrote negative statements about Burr during a political campaign. Dueling was outlawed in the northern United States, so they had to go to New Jersey. On July 11, 1804, there was a duel between Alexander Hamilton and Aaron Burr. Burr shot Hamilton, and he died the next day. Burr survived the duel and was charged for murder in New York and New Jersey. Severe criticism toward him ended his political career. After Hamilton died, the bank’s charter expired in 1811.(James Madison was President.) In 1816, Madison formed the Second Bank of the United States. Alexander Hamilton was the Secretary of Treasury from 1781- 1791 He was the fourth president from 1789-1795. During his Presidency. You may not realize that you see Alexander Hamilton everyday. He can be found on a ten dollar bill. This a dedication to him for his idea to create the First Bank of the United States. Also, for his involvement in the United States having one currency and acting as one country, instead of 13 separate ones.