history report
... amount of money to borrow and the individual would pay an interest tax on the money they borrowed. This system of lending money to needy people will only help us grow towards a more stable economy because there will always be money to pay bills, etc. which allows companies to stay in business when an individual does not have money. A national bank would also be a safe and secured place for clients (of a particular bank branch) to place their earnings. This would decrease the amount of theft because people can put their money into the bank and it is protected solely by the bank. The bank’s job is to guard the money so the individual is guaranteed to have their income safely stored. Also, their money would be available at any time. In essence, the bank would be a safe storage place for money that can be easily accessed by the client. Because of much confusion between the many types of money created by each state, the use of the British shilling and pound, and the worthlessness of many currencies, the bank will create its own national currency. All other money will be destroyed and the bank will manufacture and dispense new currency. The smallest amounts of money will be made from various metals such as gold, copper, and silver and an emblem or symbol will be pressed into coins. From one dollar bills to one hundred dollar bills, paper will be cut and the face of chosen past presidents will be placed onto the face on the bill with the amount it is worth and other information as well. This marketing and use of new, nationally used currency will make it possible for people to trade among states and set a value that can be compared to European powers. For example, one pound of British money may be worth $2.50 American dollars. There is no confusion about...