Why was the The National Bank created during the start of America in the 1790s? and Bank of China Building (HK)

Why was the The National Bank created during the start of America in the 1790s?

What does the national bank do?


bank best answer:

Answer by khaleesi
This only a little bit of info about the National Bank. The rest is too long to copy and paste in the answer, so go to the link. Hope this helped!

As a result of the revolution, the federal government had acquired a huge debt: $ 54 million including interest. The states owed another $ 25 million. Paper money issued under the Continental Congresses and Articles of Confederation was worthless. Foreign credit was unavailable.

The person assigned to the task of resolving these problems was 32-year-old Alexander Hamilton. Born out-of-wedlock in the West Indies in 1757, he was sent to New York at the age of 15 for schooling. One of New York's most influential attorneys, he played a leading role in the Constitutional Convention and wrote 51 of the 85 Federalist Papers, urging support for the new Constitution. As Treasury Secretary, Hamilton designed a financial system that made the United States the best credit risk in the western world.

The paramount problem facing Hamilton was a huge national debt. He proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.

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Bank of China Building (HK)


Image by Michael McDonough
The Bank of China Tower (abbr. BOC Tower; Traditional Chinese: 中銀大廈) is one of the most recognized skyscrapers in Central, Hong Kong. It houses the headquarters for the Bank of China (Hong Kong) Limited.

It was designed by architect I. M. Pei. The building is 315 meters high with two masts reaching 369 meters (1209 feet) high. The 70 story building was built in 1989 and is located near Central MTR station. This was the tallest building in Hong Kong and Asia from 1989 to 1992, and it was the first building outside the United States to break the 1000 foot mark. That also means it was the tallest outside America from its completion year, 1990. It is now the third tallest skyscraper in Hong Kong, after Two International Finance Center and Central Plaza.

The structural expressionism adopted in the design of this building resembles growing bamboo shoots, symbolising livelihood and prosperity. The whole structure is supported by the five steel columns at the corners of the building, with the triangular frameworks transferring the weight of the structure onto these five columns.

The building has been criticised by some practitioners of Feng Shui for its sharp edges and its negative symbolism by the numerous 'X' shapes in its original design, though Pei modified the design to some degree before construction following this feedback. The building's profile from some angles resembles that of a cleaver. In Feng Shui, this is described as a cleaver building and it is not difficult to observe that it is facing the HSBC Hong Kong headquarters building in this guise. (See Government House, Hong Kong.)

A small observation deck on the 43rd floor of the building is open to the public; visits to the main observation deck on the 70th floor are by appointment only.

The formal address of the building is: 1 Garden Road, Central, Hong Kong.

*Wikipedia

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