Considering their ubiquity today, it can be hard to imagine America (or, for that matter, the world) without banks. How could a person conduct their business or personal affairs? How could a person save money, purchase a house, conduct any sort of investment without the sort of banking institutions that we have today? And if those things were possible before the advent of modern banks, how exactly did the banking system and financial world that we have today come into existence?
The Bank of North America is often considered to be the “first” bank in America. That is why looking at this bank specifically, as well as a number of primary and secondary sources associated with that bank, students will be able to learn about person finance today, the importance of financial institutions, the connections between the financial sector and the American nation, and basic associated economic concepts. This lesson includes lecture notes and discussion questions to cover these topics.