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Alexander hamilton contribution to America
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Alexander hamilton contribution to America
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In the 1790s, the first Secretary of the Treasury, Alexander Hamilton and fellow Federalists wanted to protect the United State's economic future through several different means; namely, the creation of a national bank, maintaining good financial credit, and by developing a lasting economic system. The United States was in turmoil, still rebuilding from their recent detachment from Britain. The United States government was in shambles, its economy arguably in an even worse one. It was for that reason that president George Washington elected Alexander Hamilton to develop a sound economic plan for the United States. Hamilton and his fellow Federalists had many ideas for improving the economy; however, the Republicans or Anti-Federalists, were disinclined to agree with their federalist counterparts due to opposing views on government authority.
Hamilton believed that wealthy Americans would provide political support to the government and his plan in general would help pay off the debt to merchants who they owed most of their debt to. However, the debt would have to be paid by through taxes by the American people. Hamilton thought money and wealthy Americans would solve all of their problems concerning debt, and that in result would secure the government. Unfortunately, most Americans were not the wealthy
In 1789, George Washington was elected as the first president of the new American republic. He selected several people to serve in his cabinet, among which were Alexander Hamilton, an ambitious young immigrant, and Thomas Jefferson, a wealthy plantation owner. Hamilton and Jefferson argued endlessly over various issues, and decisions about these issues contributed greatly to the shaping of our nation. Many of their beliefs have influenced our country to this day, especially their varying perspectives on the Constitution. Hamilton’s belief that the Constitution should be interpreted loosely had a greater effect on the early republic than the strict constructionist view that Jefferson held.
Alexander Hamilton was a major part in the making of the United States of America. Firstly, He was George Washington’s protege during the Revolutionary War and and was part of the Continental Congress in 1782, 1783, and 1788 Secondly, He was the first Secretary of the Treasury in the United States. Lastly, Aaron Burr and Alexander Hamilton got into a dispute from the election of 1801 and the standoff led to Alexander Hamilton killed on that day. In conclusion, Alexander Hamilton was a major part in the making of the United States of America.
The United States is possibly the greatest nation in the world, but there is no greatness without hard work, dedication, sacrifice, and much more. Many have lost their lives in order to gain freedom from Great Britain and become an independent country. The foundation of America was a very challenging thing to do, there were many factors to consider, like the Government's roles and the rights of the people. Who were the people responsible for the creation of a democratic government today? Seven people known as the founding fathers of the United States were the key to forming a powerful country and government.
Gordon 's premise in Hamilton 's Blessing is that the national debt can be used positively in order to boost the economy of a country like the United States. In the book, Gordon uses economic history and theory to examine the start, rise and decline of the United States debt. The author opens his book by stating that this country was born in debt, and this debt has become so high that concerned individuals no longer think about it. Hamilton 's Blessing charts the history of the national debt since when the central bank of the United States was founded in 1971, up to modern days. The intellectual architect of this creation was Alexander Hamilton, the first Treasury Secretary as well as a central figure who had a deep impact on the economic
How can a man with such a rocky beginning grow up to change American history? Before his unfortunate death at age forty nine, Hamilton had accomplished what one can only call greatness. Declaring to be born in Nevis in the British West Indies, Hamilton was the product of an illegitimate marriage. However, he never let this status define him, and only sought harder for honor and glory. From high points in his life, such as being the first secretary of the Treasury, to the low points, the Reynolds Pamphlets, this paper will outline Alexander Hamilton's astonishing life.
He married Elizabeth Schuyler in 1780. Hamilton was the first Secretary of the Treasury. He was also responsible for creating the First Bank of the United States. Hamilton’s perspective of people was persuaded by his war experiences. He viewed people as selfish because he thought that they put themselves before their country.
Every country in the world is greatly affected by the economy. This was also the case for the United States of America during the eighteenth century. There were many significant events that occurred during this time period. One of the most significant events was Alexander Hamilton’s economic plan which greatly affected America domestically. Assuming the debts of the states, creating a national bank, and increasing government revenue were all key aspects of Hamilton’s economic plan that greatly impacted the United States of America domestically.
He successfully argued for the assumption of state debts by the federal government and the establishment of the first national bank – a private, but partially government-owned institution. He firmly established the principles of financial trading. Due to his efforts, the creditworthiness of the United States was restored. Hamilton’s accomplishments as Treasury Secretary were not achieved without a struggle. His congressional opponents tried to exhaust him by demanding detailed reports on the workings of the treasury department with incredibly short delivery dates.
Alexander Hamilton was the first secretary and treasury during George Washington’s first years of presidency. Not only was he a secretary, and treasurer he was a federalist. Hamilton’s Financial Plan tied together with the Whiskey Rebellion. The government wanted the national government to pay off the war debts which later put Washington in debt. Most of the southerners had already paid off most of their debt, but the northern people felt the need that they did not need to.
Alexander 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
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 served in Washington's cabinet for five years but many historians regard him as the most influential Secretary of the Treasury in U.S. history. Hamilton wrote the five key reports that established the American economic
As 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.
