Why was a National Bank important to Hamilton?

Answer 1

Along with establishing a mint and an excise tax, the purpose of Hamilton's proposed bank was to:

Establish financial order, clarity and precedence in and of the newly formed United States.

Establish credit—both in country and overseas—for the new nation.

To resolve the issue of the fiat currency, issued by the Continental Congress immediately prior to and during the United States Revolutionary War—the "Continental".

A student of both the French finance minister Jacques Necker and his British counterpart Chancellor of the Exchequer Robert Walpole, Hamilton devised a bank for the whole of the country, not for just sections or states.