The original First Bank of the US was not a central bank. It was a private bank, had private investors who owned roughly 80%. Most of its directors were not appointed by the govt, it didn't have the power to create currency that was backed by legal tender laws. It was formed because a govt needs a place to hold its reserves, receipts, and to be able to pay people easily. Jefferson, nor Jackson for that matter, were not understanding of finance. remember Jefferson's stance that we would be an agrarian nation forever.
Hamilton's plan to take on all the states' revolutionary war bonds and tie them to a national revenue source, caused the US bond rating to go from junk level, in today's terms, to AAA in less than three years. It wasn't fair initially to some of the states, such as VA, but overall benefited everyone in the US by making it easier to borrow and transact.
Hamilton's greatest evil was in the whiskey rebellion (still tax).

I was late to the 'party', but had a blast!

Good read, and very informative about Jackson.

Excellent article. Jackson, Madison, and many others have made the case against central banking, while history has repeatedly proven their concerns just.

thanks for posting. very interesting read.