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Alexander hamilton accomplishments
Alexander hamilton's accomplishments
Alexander hamilton's accomplishments
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The day that Alexander Hamilton was first placed into the United States Government would be the day which would forever change our nation. The time when he would start and create a fantastic economy out of scratch. He did it with one brilliant five point plan. But there were three parts of the plan which were the body of this project. These were the assumption of state debt, the whiskey tax, and the construction of a national bank. All of these together would enhance our economy, before the tyrant Jackson would destroy them (bank). Nevertheless, his plan dealt with and solved the tough issues such as federal debt, government money supply, and economical shape throughout our nation. So for these answers he gave to our people, we must be grateful …show more content…
During the American Revolutionary War, all of the states had incurred a lot of debt from other foreign nations. So Hamilton decided that America must pay back this debt so that they could maintain peace and regulate commerce with European countries. The southern states had paid off their debt but the northern states were still in debt. So he composed a compromise - The south would not protest the Federal government paying off any northern states that still had debt, in the condition that the south chose where the national capital would be built. This compromise worked as the entire United States debt was paid off and the capital was constructed in the District of Columbia (DC) within a few years. In the construction of the capital, Maryland and Virginia donated land for the capital. The importance of this plan was that they had no debt, so this would bring power and respect to the United States from the European countries by keeping peace with everybody and allowing for continued trade. Because who would trade with a country that has debt with …show more content…
This bank held government money and controlled the economy by making it easier for local banks to borrow money from it to loan it to manufacturers and factories. As the idea arose the cabinet, Jefferson protested that such a bank was unconstitutional because it favored the north over the south since the bank did not loan money to farmers for land expansions. Being true as it is, the bank drastically boosted our economy and had a great future for our nation. Since it was unconstitutional, a compromise said that the bank would only be funded for 20 years. So as soon as Andrew Jackson was elected, he destroyed the bank. In response to this, our nation suddenly falls into a major depression. No one had jobs and the economy was dying. This showed the brilliance of the national bank and how much it helped our economy. Adding onto this, the bank began the formation of the Federalist and Democratic
In his First Report on Public Credit, Alexander Hamilton discusses the current financial situation of the United States and, as a response, proposes a plan to take care of the debt accrued from the Revolutionary War. Hamilton 's address tells the story of a significantly indebted newfound nation in desperate need of financial reorganization. He first discusses the strain that could be placed on public credit from public engagements and that the expensive engagement of war against Britain was the price to pay for liberty. Subsequently, he delivers his plan, which focused on the full payment of foreign loans, redemption of bonds (which would create new debt, but nonetheless establish good federal credit), and the assumption of individual state
Finally, Alexander Hamilton’s views on government were better for what the United States would become. Hamilton’s views on government were better for what the United States would become because he was a Federalist and believed in a strong central government. Also because of the way he viewed national debt, and the way he viewed foreign affairs. These are all ways that prove Alexander Hamilton’s views on government were better for what the United States would
Alexander Hamilton wanted to promote commerce and industry through a strong central government. He also would diversify American economic life by encouraging shipping and creating manufacturing through legislative directives. Hamilton also believed that a republican style of government could only succeed by the direction of a governing class.
Andrew Jackson didn’t like the bank, he thought it was evil. In his mind he saw that the bank only helped the wealthy people. The president of the 2nd bank was Nicholas Biddle. He always challenged Jackson’s investigations of the bank. Andrew Jackson takes $ and puts it in state banks. The Inflation leads to the Panic of 1837.
Everyone has heard the name Alexander Hamilton, but few are familiar with his views and actions regarding the survival of the young American republic. He could be recognized for anything from serving our fledgling country by fighting in the New York militia; to serving his community as a lawyer and as a national tax agent; to beginning his political career as a representative for New York at the National Congress. Though most would agree his most important contribution to our struggling republic was to spearhead the project which formed the doctrine helping to establish the foundation in which modern democracy is based, the Articles of Confederation.
Other politicians were opposed to this, such as Thomas Jefferson and James Madison. Their opposition to the plan went away as assumptions became associated with other less controversial plans of Hamilton’s. Madison even turned in defense of the plan after being convinced of Hamilton’s financial vision (Bowers 61). Hamilton made a compromise, turning out in his favor when he allowed Madison and Jefferson to have a capital on the Potomac River. This allowed him to pass his plan more easily while giving up something of little importance to him or the country’s wellbeing (Bowers 65).
Alexander Hamilton was born a bastard child in the West Indies and demonstrated great intellectual potential at an early age. He was sent to New York City for schooling and studied at King’s College, now Columbia University. His vision of America took a more capitalistic tone and “he was determined to transform an economically weak and fractious cluster of states into a powerful global force” (Tindall & Shi, 2010). Hamilton advocated a strong central government. He was bold and persuasive and his philosophies quite extraordinary for his time.
In conclusion, Alexander Hamilton was a driven intellect who created a name for himself in the United States of America after immigrating from the Caribbean. Through hard work and brilliance he changed the financial system of the country and made a lasting impression on the nation giving him the legacy he had always
One such issue was that of the National debt and creating a National Bank. In 1790, Alexander Hamilton proposed that Congress should establish a national bank, in which private investors could buy stock, could print paper money, and keep government finances safe. Washington signed the bill establishing a national bank and started a strong foundation for a thriving economy and a stable currency.
Have you ever wondered what Alexander Hamilton would be able to accomplish if he had not been killed by Aaron Burr? Hamilton, one of the Founding Fathers, was a talented man who achieved many things during his lifetime. Therefore, it is no surprise that he could attain a higher position in the office and even become a president. In fact, with him being a president, many events could be changed, including the War of 1812, the slavery system, and even the size of the country.
Chernow also mentions, in his biography about Hamilton, that, “Because many Americans still bartered, Hamilton wanted to encourage the use of coins. As part of his campaign to foster a market economy, Hamilton suggested introducing a wide variety of coins, including gold and silver dollars, a ten-cent silver piece, and copper coins of a cent or half cent. He wasn’t just thinking of rich people; small coins would benefit the poor “by enabling them to purchase in small portions and at a more reasonable rate the necessaries of which they stand in need” (356). It would seem that he always had the common good in the forefront of his mind. The first national bank was established so that the government had a bank to utilize, but it was ultimately used to unify currency and the way in which everyone received currency. National banks and a unified currency were crucial in keeping a strong central government as well as a market
After the first War for Independence, The United States was approximately $52 million in debt. Due to having such bad financial problems, the United States created a national Bank to create one unified currency, to take away all state debts, and to issue loans to the people to promote growth. This National Bank was created by Alexander Hamilton who was a Federalist, and once Jefferson came to be the President, he continued the idea of the national bank because it was helping to reduce the national debt. The primary reason for the National Bank being a representation of a Federalist idea was because since it was issuing loans to people it was able to promote industrial growth which was one of the main goals of the Federalist party. From Jefferson continuing the use of the National Bank thru his presidency he demonstrates his need to continue a loose constructionist idea.
Our nation's revolution was a great achievement in U.S History. With the dawn of a new nation, there would have to be a central location to make the new decisions of our country. Our capitol has stood as the heart of our country since the late 1700s. The United States capitol is among the most architecturally impressive and symbolically important buildings in the world. For almost two centuries it has housed the meeting chambers of the senate and the House of Representatives. Begun in 1793, the capitol building has been built, burnt, rebuilt, extended, and restored. Today our capitol stands as a monument to the American people and their government. (AOC.gov)
“[T]he man on the ten-dollar bill is the father of the American treasury system, a signer of the Constitution, one of the primary authors of the Federalist Papers, and the loser of the infamous duel with Vice President Aaron Burr. Alexander Hamilton's earlier career as a Continental Army officer is less well known. Yet Hamilton's first experience in public service is important, not only because it was the springboard to his later career, but because it also deeply influenced his values and thinking” (Hamilton).
Both Thomas Jefferson and Alexander Hamilton were prominent members of society during the era after the revolution. Yet while these two men came from similar backgrounds and both believed in liberty and independence, neither of the two men could stand each other. This was mainly due to the fact that the two men had radically different views on various subjects, and neither was willing to give up or alter their view. Alexander Hamilton, one of the most important people of the time, was the first Secretary of the Treasury. Utilising federal power to modernize the nation, he convinced Congress to use an elastic interpretation of the Constitution to pass laws that Jefferson deemed unconstitutional.