establishment of the First Bank of the United States
E2170
The establishment of the First Bank of the United States was the creation of the young nation’s first national bank, designed by Alexander Hamilton to stabilize federal finances, manage debt, and support economic growth.
All labels observed (1)
| Label | Occurrences |
|---|---|
| establishment of the First Bank of the United States canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T28514 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: establishment of the First Bank of the United States Context triple: [Funding Act of 1790, followedBy, establishment of the First Bank of the United States]
-
A.
Funding Act of 1790
The Funding Act of 1790 was a key early U.S. federal law, championed by Alexander Hamilton, that consolidated and refinanced Revolutionary War debts to establish the credit of the new national government.
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B.
Treasury Act of 1789
The Treasury Act of 1789 was a foundational U.S. law that created the Department of the Treasury and established the federal government's core financial and fiscal administration.
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C.
Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
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D.
Residence Act
The Residence Act was a 1790 law passed by the U.S. Congress that authorized the establishment of a permanent national capital along the Potomac River, leading to the creation of Washington, D.C.
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E.
Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: establishment of the First Bank of the United States Target entity description: The establishment of the First Bank of the United States was the creation of the young nation’s first national bank, designed by Alexander Hamilton to stabilize federal finances, manage debt, and support economic growth.
-
A.
Funding Act of 1790
The Funding Act of 1790 was a key early U.S. federal law, championed by Alexander Hamilton, that consolidated and refinanced Revolutionary War debts to establish the credit of the new national government.
-
B.
Treasury Act of 1789
The Treasury Act of 1789 was a foundational U.S. law that created the Department of the Treasury and established the federal government's core financial and fiscal administration.
-
C.
Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
-
D.
Residence Act
The Residence Act was a 1790 law passed by the U.S. Congress that authorized the establishment of a permanent national capital along the Potomac River, leading to the creation of Washington, D.C.
-
E.
Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal government action
ⓘ
financial reform ⓘ historical event ⓘ |
| approvedBy | George Washington ⓘ |
| architectOfPlan | Alexander Hamilton ⓘ |
| basedOnDocument | Report on a National Bank ⓘ |
| capitalizationAmount | 10 million dollars ⓘ |
| charterExpirationYear | 1811 ⓘ |
| constitutionalBasisClaimed | Necessary and Proper Clause ⓘ |
| controversy | constitutional interpretation of implied powers ⓘ |
| country | United States of America ⓘ |
| dateOfEnactment | 1791-02-25 ⓘ |
| federalShareOfStock | 20 percent ⓘ |
| grantedMonopolyOn | federal government banking services ⓘ |
| grantedPower | issue banknotes redeemable in specie ⓘ |
| hasDuration | 20-year charter ⓘ |
| hasMainSubject | First Bank of the United States ⓘ |
| influenced | development of the American financial system ⓘ |
| legalForm | act of Congress ⓘ |
| legislativeBody | United States Congress ⓘ |
| locatedIn | Philadelphia ⓘ |
| officeHeldByProposer |
Secretary of the Treasury
ⓘ
surface form:
Secretary of the Treasury of the United States
|
| opposedBy |
Democratic-Republican Party
ⓘ
James Madison ⓘ Thomas Jefferson ⓘ |
| ownershipStructure | mixed public-private ownership ⓘ |
| partOf | early national period of United States history ⓘ |
| preceded | establishment of the Second Bank of the United States ⓘ |
| privateShareOfStock | 80 percent ⓘ |
| proposedBy | Alexander Hamilton ⓘ |
| purpose |
create a uniform national currency
ⓘ
facilitate tax collection ⓘ manage federal debt ⓘ provide credit to government ⓘ provide credit to private enterprise ⓘ stabilize federal finances ⓘ support economic growth ⓘ |
| raisedIssue | scope of federal economic power ⓘ |
| relatedTo |
Hamiltonian economic program
ⓘ
funding and assumption of state debts ⓘ tariff policy of the early United States ⓘ |
| reportAuthor | Alexander Hamilton ⓘ |
| resultedIn | creation of a partly public, partly private central bank ⓘ |
| signedIntoLawBy | George Washington ⓘ |
| startTime | 1791 ⓘ |
| supportedBy |
Federalists
ⓘ
surface form:
Federalist Party
|
| underGovernmentOf |
George Washington
ⓘ
surface form:
George Washington administration
|
| yearReportSubmitted | 1790 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: establishment of the First Bank of the United States Description of subject: The establishment of the First Bank of the United States was the creation of the young nation’s first national bank, designed by Alexander Hamilton to stabilize federal finances, manage debt, and support economic growth.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.