In 1790, Alexander Hamilton, influenced by international banking interests, proposed the First Bank of the United States (B.U.S.), modeled after the Bank of England. Established in 1791 with a 20-year charter, it was a privately owned central bank controlling U.S. currency, with 80% private investment and 20% government stake. This structure enabled fractional reserve lending, raising concerns about concealed investor influence, potentially including the Rothschilds.

The B.U.S. increased government borrowing, causing a 72% rise in prices within five years. Thomas Jefferson criticized the setup, equating it to a scam and advocating for constitutional limits on federal borrowing. This story transitions to European banking manipulation during the Napoleonic era.

View the video and summary at “11. First Bank of the Unites States”
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