Alexander Hamilton: The Past Makes Up The Future

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The Past Makes Up the Future. Have you ever wonder the portrait on US ten dollar’s bill? What’s the significant of it? It is the portrait of a great person Alexander Hamilton; the first secretary of treasury. He was born in January 11, 1755 and illegitimate son of a Scottish merchant in the West Indies. At the age of 11 he had his first job at the tender. In 1773, he moved to New York to study yet, he was more involved in politics than academics. Furthermore, when the American Revolutionary War began in 1775 he joined military. After the War America has faced national debt issues. Later, at the age of thirty-two Hamilton was elected as a representative to the Congress of the Confederation under President Washington. Washington also put him on domestic and foreign policy. Hamilton was not happy with the Articles of Confederation and the weak central government. As a result, he wanted to strengthen the power of the national Government. On January 14, 1790 Hamilton made a report on the public credit and sent it to Congress. On his report, he proposed three things. First, he wanted to redeem the old debt by issuing new bonds. Then his plan was to undertake the state revolutionary debt. Hamilton's final proposal was that he wanted to fix the debt problem by adding state debt and to establish the nation’s credits. Hence, he created a national bank to land and to borrow and store money. In a …show more content…

One was a tariff on imports, which not only would raise revenue but also would protect American manufactures from foreign competition. He laid out a grand scheme for stimulating the growth of industry in the United states. It would help Americas to keep their jobs. Other one was an excise to be paid by distillers of alcoholic liquors, a tax that would fall most heavily on the whiskey which will increase the price of whiskey and less people will buy corns from the farmer. This make a new chapter on the us history in 1791; the whiskey

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