Finance in History

One of the first financial situations in America was when it was in debt and Robert Morris was hired as Superintendent of Finance from 1781-1784. Once he became superintendent, he came up with the idea of a national bank. Robert Morris established the Bank of North America, which was set up to regulate the economy better.
In addition to Robert Morris, another significant figure in the history of finance was Alexander Hamilton. He was the first secretary of treasury. In 1791, he set up the first Bank of the United States. He set up this bank so that there could be more security and control over the money in this nation.