How Did Alexander Hamilton Be An Economic Genius
Tessa Nugent US History to 1877 Professor Gray 2/18/2018 Economic Genius After reading the Taking sides “The Hamiltonian Miracle” by John Steele Gordon. I have concluded that Alexander Hamilton is an economic genius of his time. According to John Steele Gordon, Hamilton’s knowledge of public finance helped him set a course for the American economy in a way that nobody else could. The first National Bank, he displayed his brilliance as an economist. He also outlined a plan to create the capital required to kick start a prosperous economy and introduced government tariffs, subsidies, and awards to encourage American Manufacturing. According to John Steele, Alexander Hamilton can take all the credit for creating an economy that went on to become one of the strongest in the world. This article discusses essential information that support my point of view. Many points in history have lead to this. In this paper I will be discussing why I believe Alexander Hamilton to be an economic genius. Who is Alexander Hamilton? …show more content…
In 1777, Hamilton had become George Washington’s assistant. In the year of 1788 he convinced New Yorkers to ratify the U.S Constitution. He then became the secretary if the treasury. He was a founding father, served in the military, studied law, was involved in politics and government. He is also on U.S currency (10-dollar bill) who was never a president. “Hamilton’s background would always set him apart and give him an outlook on life and politics the other Founding Fathers did not share”(Gordon,50). Hamilton helped shape Washington’s foreign policy. Hamilton advised Washington on the Neutrality Proclamation, which declared that America would not become entangled in affairs but be friendly with both
How Did Alexander Hamilton Influence The Government
261 Words | 2 PagesFourth, Alexander Hamilton played a detrimental role as the first Secretary of the Treasury. After, George Washington became the first President of the United States he appointed Hamilton as the nation’s first Secretary of the Treasury. Being the first of this title he became the “architect of the structure of the department.” Single-handedly, he created the position and helped to decide how much power this new position was able to wield. By designing this position, he gave America a leader in financial and economic issues relating to the government.
How Did Alexander Hamilton Affect The Formation Of The Second National Bank?
3343 Words | 14 PagesPresident Alexander Hamilton's research and economic theories had a significant influence on the formation of the Second National Bank. As the first Secretary of the Treasury under President George Washington, Hamilton played a crucial role in shaping the economic policies of the young nation. Hamilton's economic theories emphasized the importance of a strong central bank in promoting economic development and stability. He believed that a centralized institution could address the challenges faced by the fragmented banking system of the time and provide stable currency and credit facilities for businesses. In his influential "Report on the National Bank" in 1790, Hamilton argued for the establishment of the First Bank of the United States.
How Did Jefferson And Hamilton's Ideal Economy
419 Words | 2 PagesAfter the Revolutionary War, American politicians had to figure out how to run the new country. Alexander Hamilton and Thomas Jefferson were two politicians in the Early Republic Era who greatly contributed to the shaping of the United States. Jefferson, a Democratic-Republican, and Hamilton, a Federalist, disagreed about almost every one of each other’s core beliefs about what the country should look like. Although Hamilton’s view of the Constitution largely influenced the U.S., Jefferson’s ideal economy and belief in a strong state government shaped the Early Republic more.
The Most Disputable Founding Father: Alexander Hamilton
151 Words | 1 PagesAlexander Hamilton (2004), written by Ron Chernow delineates America's most disputable Founding Father. The book gives a wide perspective on early America, with top to bottom accentuation on Hamilton's whole life, achievements and his relationship to certain Founders. Prior to reading this book, I considered Hamilton to be an amazing yet oppressive man who was much of the time involved in conflicts with other Founders. I recall that he advocated a stronger central government, protectionism, mercantilism, and a national bank. Additionally, I knew that he composed parts of the Constitution and wrote the vast majority of The Federalist Papers.
What Is Alexander Hamilton Necessary?
961 Words | 4 PagesAlexander Hamilton, the first Secretary of Treasury of the United States, had a lot going for himself being a man that came from poverty to success, and he was a man “all powerful and fails at nothing which he attempts” admitted a congressman in 1791 (Tindall and Shi). Born in the Caribbean in the West Indies, abandoned by his father and orphaned at the age of 13 by his late mother who had died. Later moved to New York, became a lawyer and transitioned to nationalism thus giving him the important role of handling the weight of the debt America had accumulated $54 million deep after the Revolutionary War (Digital History). Hamilton saw the need for some financial credit to be given to America and he had the right idea by proposing a National Bank to his first president George Washington. Word dispersed of that proposal leading a
How Did Alexander Hamilton Influence The Formation Of Government
1168 Words | 5 PagesOne of which was Alexander Hamilton, with his ideas along with the six other founding fathers, The United States became solid and strong. Alexander Hamilton played an important role in the founding of the federal government,
Alexander Hamilton's Financial Plan
189 Words | 1 PagesI would have voted for Alexander Hamilton because from a young age you were able to tell that he was smart, well thought out, and extremely disciplined in every choice he made. And so when he entered the government this planning and knowledge of money and spends really helped to evolve the financial plan of the United States to what it is now. Without Alexander Hamilton`s ideas and aspirations of what the United States money system could do to support the country. You can also tell that with his history he cares about the people he would be affecting in his daily life. Alexander Hamilton was a Federalist.
How Did The Two Party System Start
669 Words | 3 PagesPresident George Washington appointed Alexander Hamilton as the Treasury Secretary and Hamilton took it upon himself to develop an economic structure for the United States. Hamilton used a strategy of loose construction for the interpretation of the constitution.
Similarities Between Macbeth And Alexander Hamilton
313 Words | 2 PagesUnderstanding Macbeth. I am going to show my understanding of Shakespeare's Macbeth by comparing Macbeth’s personality and life to another person. The person I found had lots of similarities to Macbeth was America’s first treasury secretary Alexander Hamilton. In this essay, I will briefly talk about the life of Alexander Hamilton, explain why I chose him, and what they had in common. Alexander Hamilton, founder of America’s first national bank, and New York Post, and treasury secretary for George Washington, was born in St.Croix in 1775 or 1777.
Why Is Alexander Hamilton Important
555 Words | 3 PagesHe would have to relay messages to Washington’s men. Then, rightfully so after the revolution, Washington appointed him as a representative of the Congress of the Confederation. He later resigned to practice law. When the question “why was Hamilton important to our history?” is asked I sat on it for a little while and thought about it. He is more important than Cane’s chicken fingers is to Saint Charles people.
How Did Alexander Hamilton Influence The Federal Government
302 Words | 2 PagesAlexander Hamilton is widely accepted as a very important founding father. He fought in the Revolutionary War, was the first secretary of the Treasury, and help found the first national bank. He was also a part of one of the first political parties to emerge in America-the Federalist Party. Here are six political views of Alexander Hamilton and the Federalist Party.
Powerful Federal Government
705 Words | 3 PagesAlexander Hamilton was the Secretary of the Treasury while George Washington was President and he was one of the main proponent to having a stronger federal government. One of policy that made the government stronger was when he allowed for it to pick
Republicans Vs Federalists
677 Words | 3 PagesAs newly appointed Secretary of Treasury, Federalist Alexander Hamilton devised complex policy to achieve economic dominance. Hamilton first intended to pay off its extensive Revolutionary way debts. He issued securities bonds for investors to purchase in the hopes of gaining profit for the United States. Hamilton’s policy also included the proposal of a Bank of the United States in order to make the nations economy dynamic through a more stable currency. Lastly Hamilton wanted the United States to embrace a mercantilist economic policy to protect American manufactures through high tariffs and government subsides.
Alexander Hamilton: The Most Important Figure In American History
876 Words | 4 PagesAlexander Hamilton (2004) is a detailed true story of one of the most important figures in American history. It is based on Hamilton’s early life. As a politician, as a revolutionary war hero, and the first treasury secretary, Hamilton dedicated his life and intellect to unifying and strengthening the United States. Hamilton in truth did perhaps more than any other one person to secure the power of the American Union. Though he was never president, he was a hero deemed as a true founding father, title he kept till his death.
Alexander Hamilton Accomplishments
536 Words | 3 PagesAlexander Hamilton, one of our most prominent founding fathers have been a staple point in American history. He is seen as one of the most controversial characters in his time with drama coming from all sides. Later leading to his death. With his created of the first Bank of America and all his policies he can be credited for America’s strength when it comes to finances. His personality is also a driving force be he was the most unfortunate father.
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