How Did Alexander Hamilton Influence The Government

In the year of 1790, Hamilton suggested that the newly made government should pay off the millions of dollars in debts. Why you ask there are so many debts? Well, the Confederation government, and to some individual American citizens there were debts to be owed. Paper money back then was worthless, and foreign credit was not available to them. Even though later on, Congress agreed to pay off the money owed to other nations, Hamilton’s Plan on the other hand caused lots of protest among the American citizens. Hamilton believed that federal payment of the state’s debts would give the states a big interest in the success of the national government. In order to win support for his plan, Hamilton made a compromise with Southern leaders, the leaders

In 1789, Congress made up three departments in the executive branch of government. Two groups comprised in the Judiciary act with the act it established a Federal court with 13 district courts/three circuit courts serve the nation. Hamilton proposed that a new government pay’s off the millions of dollars in debts owed by Confederation government to other countries and individual Americans. Hamilton thought that the federal payment of states debts would give the states a strong interest in the success of the national government. When the government had to borrow money during American Revolution, it had issued bonds--paper notes promising to repay the money in a certain length of time. Original bond owners felt betrayed by the government because they had lost money on their bonds while new bond owners profited. Hamilton agreed to a proposal from Southern leaders to locate the new nation’s capital in South after moving to Philadelphia while workmen prepared the new city for the federal government. In 1790 revenue from tariffs provided 90 percent of the national government’s income.

Alexander Hamilton was the most interesting figure in the American Revolution because he contributed many ideas that formed the America that we live in today. He was on on January 11, 1755. He started working at the age of 11 due to a rough childhood and history of father figures in his life. His mother was left twice by her husband and Alexanders’ father. They had no money and no other family so Alexander worked to support them both. His first job was working as a clerk in an accounting firm. His hard work inspired his boss and helped send him to get an education. When he was just 17, he wrote his first political article that sparked popularity for him. As the Revolutionary War started he enrolled and was made George Washington’s

After the American Revolution, the United States ended up having large debts. To address this problem, Alexander Hamilton proposed to the Congress his Assumption Bill that will pay for the nation’s debts. This led to a conflict between the North and the South, the South arguing that it favors only the North and fearing that one would be more powerful based on the Capital’s location, debates on its placement also rose, So Hamilton and James Madison, together with Thomas Jefferson, were able to agree on a compromise, factoring in the debt of the nation, the views of the North and South, and the location for the capital. Finding funds for the American Revolution was a challenge, and after it ended the country faces an economic problem of large amounts of debts, having about $54 million including interest, added by the debts the states owed for about another $25 million (Sherman). Alexander Hamilton was the Secretary of Treasury and to address the problem, Hamilton wanted the Congress to pass the Assumption Bill that will have the federal government pay, or assume for all the debts that the States had, but the Congress no longer wanted to approve of Hamilton’s assumption bill because it will increase the debts that the federal government was already taking on (Sutter).

Alexander Hamilton whom was a Federalist; was a firm believer in a strong central government and a broad interpretation of the Constitution. This broad interpretation would allow for more government control of the people. He also envisioned a political system run by the capable men of the aristocracy. Hamilton felt that for a government to be run efficiently, it must be run by the educated (which happened to be rich white men at the time).

When arguments arose from Jefferson, Hamilton fought them back and assured them it was needed. Nothing changed at the national bank, even though it was unconstitutional. Even though Hamilton’s plan was argued by most, there was one thing for sure that it was doing and it was paying off the nation's debt at an all-time

Hamilton wanted to increase the nation’s wealth so he used the federal government's power to promote trade, manufacturing, and business. For instance, the Federalists helped them pay back all the war debts by telling the government that if they did not pay back their debts then they would lose all their respect at home and abroad. From Hamilton helping pay off the debts of the war he promoted business, and trade to the government because they know he meant business. To increase the nation’s wealth they had to pay off the debts from the war.

Hamilton was a Federalist who believed in a strong, central government with a national bank. He also wanted to make alliances with Britain (Davis 86).

Before the Revolutionary War had occurred, many people were coming to the new colonies to start a new life; one of the people was Alexander Hamilton. He had come to the colonies after impressing people in the Caribbean and who then sent him to America to get a better education (“Alexander Hamilton”). Hamilton was an important figure in American history, but very few today remember who he was and what he did. Alexander Hamilton took a stand against traditional government by writing against and battling the British, fighting for the new U.S. Treasury, and arguing for the ratification of the U.S. Constitution.

Another thing that Hamilton had done was fight through the revolution as George Washington's right hand man and he was able to, after fighting, fund the nation's federal debt. The writer states “great achievement was funding the federal debt at face value, which rectified and nationalized the financial chaos inherited from the Revolution” (history.com Para. 5). We can tell that he fought through the war, risking his life to help America and eventually help America, even more, afterwards. After going through a tough life so far he was able to also become the nation's first Secretary of Treasury, which deals with the nation's debt and credit which he helped create. It states in the article “As secretary of the treasury” (history.com Para. 5). This just simply shows that he was able to become the Treasurer. Hamilton in total was a very good man, nevertheless, he had cheated on his wife and kinda caused the death of his son helped form America and is very awesome.

3. What was Hamilton’s plan for debt reconciliation? Hamilton suggested funding the debt by selling government bonds, and further proposed that state debts be assumed by the national government. Why was Madison opposed to it? Madison believed that Hamilton's plan "was betraying the ideas of the American Revolution."

After the Revolutionary War the United States had a massive debt to deal with, but because of the Articles of Confederation the federal government could not raise taxes to pay off the debt (Blake). States were responsible

Gordon sums up the American economic history in six chapters of his book. He explains that the United States had taken on huge debts following to the American Revolution. In order to pay such debts back, Hamilton created the federal bank and convinced the Congress to issue federal bonds. This way the federal government could make interest payments on time, build credit and keep the inflation from rising. Hamilton thought that the national debt could be a useful tool in order to create capital for the new industries. In his book, Gordon also recalls that soon after the 1812 War the seventh President of the United States cleared the government debts thanks to surpluses deriving from high tariffs. Then, he explains that the introduction of the first Federal income tax in America during the Civil Was turned out to be crucial in order to investigate how to distribute the tax

Alexander Hamilton wanted a national government that had complete political authority. Although Hamilton did not like state governments and wanted them to be eliminated, he knew it was not possible. Therefore, he proposed the idea of having the central government to have the most power, but allow the states to control many of their own rights and individuality. In collaboration with James Madison and John Jay, Hamilton wrote 51 essays out of 85 essays called “The Federalist Papers”. These essays explained and defended the new Constitution prior to its approval and with his effort, nine states agreed to ratify the Constitution. Alexander Hamilton led the Federalist Party, who believed in a centralized national government with strong economic roots, unlike Thomas Jefferson, who wanted a limited government. Hamilton also proposed to

Alexander Hamilton, though, worked for a more complex economic system. He planned out a national debt, public credit, a national bank and a plan to pay off the debts the nation had accrued. He advocated to accept the old debts of the Articles of Confederation, war debts, and state debts under his economic policy because it gives the government some legitimacy, and it allows for the government to obtain credit from other countries easily.