National bank
A National bank is a bank chartered by the government of a sovereign nation, and given the mandate to carry out a monetary policy designated by that government. This concept is quite different than that of a Central Bank, which makes policy on behalf of the private banking community, which policy may be at odds with that preferred by the government. The first National Bank of the United States was founded due to the efforts of Alexander Hamilton, America's first Secretary of the Treasury. Later, partially due to Henry Clay's American System, a Second National Bank of America was formed, only to be later ruined by Andrew Jackson's stub. You can help BambooWeb by .
