Alexander Hamilton's Economic Plan Research Paper

Independence can be expensive. While the American Revolutionary War very costly casualty-wise, it left a young, new nation with millions of dollars of domestic and foreign debt. This staggering debt, at the time, totaled 77.1 million dollars, 1.27 billion in today’s american dollar. Debt was divided throughout the colonies, since there was no umbrella organization, like the government, to pay off the tax as one tax rather than haphazardly dealing out twelve different recompenses. Alexander Hamilton feared this debt and drafted his plan of action to keep the debt at bay and to repay the tax in a simple way--or so it seemed.

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.

The beginning of the United States was given a self-government that took it to a new heists of political and economic systems that would soon be established. The Election of 1800 had revolutionized the American system known as” The Revolution of 1800” which became a turning point resulting in a non-violent, peaceful transition of power in politics and foreign policies. The Election of 1800 consisted of two dominated political power, known as the Federalist and Anti-Federalist who both sought for unity among the people. However, the Federalist soon began losing their stance in the government because they supported a strong national government that distrusted the people in a ruling government.

Why did Hamilton believe a national debt would strengthen the United States and help to ensure its survival? Hamilton’s financial plan was based off on a plan based off on public credit or redemption and assumption. Alexander Hamilton wanted to buy back all of the loans in full, which is called funding at par. He wanted to make public credit apparent by uniting all the state’s debt into one united national debt, which means that none of the states are now responsible for paying their own individual debts. In addition, his view was that with this public credit, he can get good credit which would secure nice loans with the Dutch and British financieres, which would strengthen the United States.

Right now our country is truly suffering an economic disaster. The debt, which is continuously rising, will soon hit 20 trillion dollars. Yourself, Alexander Hamilton, is a man who proposed the Bank of the United States and served as the first Secretary of Treasury in George Washington’s cabinet which I feel gives you the credentials to attempt to solve our current day debt dilemma. Early you became one of Washington’s most trusted aid in the Revolutionary War. You also were the main writer in the Federalist Papers, which ensured the ratification of the Constitution (Celebrating Hamilton’s Achievements).

I 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.

War had been going on for several years now, at the time many Americans wanted to compromise with Great Britain. But, Americans did not accept the first peace offering from them. This war would take seven years to end, seven years of hard fighting. Some of the British were trying to escape Britain, they went to what is now known as America to escape the king. A group of five men started to make the treaty for the war to end.

Hamilton and Jefferson Views Thomas Jefferson and Alexander are two of many great leaders, that helped shape the United States. Although these men were both great figures, they had opposing views to each other concerning the central and state governments. Alexander Hamilton, as a Federalist believes that the U.S. government should have a strong central government and a broad interpretation of the Constitution. “Constitutions should consist only of general provisions, the reason is that they must necessarily be permanent, and cannot calculate for the possible change of things”, a quote from Alexander Hamilton allows us to draw a conclusion that he believes the constitution should be written vaguely, so it is adaptive to fit the future. Although

Do you know who Alexander Hamilton was or his dedication to this nation? Alexander has a person who had dedicated so much that he sometimes went days without sleep so we could have a financial system in this world. He was a person who would speak his mind without thinking most of the time which lead to his death. I will talk about him coming to America, in America before war, his life in war life, his life after war , the affairs that he had done, his legacy, and what happened after his death.

The 1790s marked a time of rebirth for the American government. With first President George Washington at its helm, the decade brought into effect the many facets of the recently ratified Constitution as well as the institution of federal laws, banking policies, and taxes. As the country sought to establish itself as an organized world power, turmoil was ensuing in Europe with the eruption of the French Revolution, presenting the nascent United States with its first foreign dilemma. Within the borders, however, a much larger problem was brewing. Nearly every piece of legislation tested the balance between centralized government and individual freedom.

He was born in january 22,1782 in albany new york. He was in the u.s. Secretary. From the time he is dressed in the morning till nine o'clock the time for breakfast excepted he is to read law. Certain evenings and weekend afternoons were apparently the only time the young man had to himself. And it was on the Friday evening of November 20, 1801 that Philip Hamilton's tragedy began.

Alexander Hamilton: illegitimate orphan, writer of the Federalists Papers, and the first-ever Treasury of the Secretary. He broke out of a terrible childhood, pursued an education, and became very well known on the mainland. He was considered the first one to have a sex scandal in the new country. But his mouth and opinions often got him into trouble with other members of the Congress, which may have been his downfall.

A larger, more powerful government entity cannot possibly express the wishes of the people as effectively as state governments can. As opposing Federalists have stated, a strong, central power “[gives] to every citizen the same options, the same passions, and the same interests,” but this compromise invariably stifles the desires of some states for the benefits of others (The Federalist Papers: No. 10). It is inevitable that varying geographic aspects of each state has affected their interests. In particular, southern states have more incentives to protect their agricultural industry. As such, what rights do northern states have to decide what these southern states should do?

Following the Revolutionary War, America had just gained independance from Great Britain and needed to form a new government. The Articles of Confederation were established as an attempt to create a government that was unlike Britain’s. Unfortunately, the Articles of Confederation had several weaknesses. When in the process of repairing those weaknesses, the Federalists and the Anti-federalists formed. The Articles of Confederation were very weak as well as useless to America and because of this, the Federalists and the Anti-Federalists could not agree on a new type of government.

Broadway musical Hamilton won 11 awards in Tony Awards 2016 held on June 12 in New York. This news will come as shocking: the man behind the show, Lin-Manuel Miranda, its creator and main actor, will leave the show and it is confirmed. His last performance with Hamilton will be on July 9, he said to reporters in a breakfast event in New York on Thursday. Miranda has lots of upcoming works to do after he departs the show.