Classroom Lesson: Hamilton's National Bank
This lesson aligns with Voluntary National Content Standards in Economics, Standard 12: Interest Rates (Benchmark 1, Grade 8; Benchmarks 2, 3, and 4, Grade 12) and Standard 15: Economic Growth (Benchmarks 2 and 4, Grade 8)
This lesson aligns with National Standards for Financial Literacy, Standard III: Saving (Benchmarks 1 and 2, Grade 8, and Benchmark 3, Grade 12); Standard IV: Using Credit (Benchmark 1, Grade 4 and Benchmark 1, Grade 8); and Standard V: Financial Investing (Benchmark 6, Grade 8)
This lesson aligns with the C3 Framework for Social Studies State Standards, Economics: Economic Decision Making (D2.Eco.1.6-8; D2.Eco.1.9-12); Economics:Exchange and Markets (D2.Eco.3.6-8; D2.Eco.4.6-8); Economics: National Economy (D2.Eco.10.6-8}; and History: Change, Continuity, and Context (D2.His.1.9-12 and D2.His.3.9-12)
PowerPoint slides are also available for this lesson. Download them at https://www.stlouisfed.org/education/hamiltons-national-bank
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- Alexander Hamilton, "Report on a National Bank," December 13, 1790, and with other Hamilton reports
- "The First and Second Banks of the United States," a 1910 history of U.S. central banks that includes the Bank's founding documents and information on its operations.
- "Public Policy and Capital Formation," a 1981 report by research economists at the Fed's Board of Governors
Federal Reserve Bank of St. Louis