Alexander Hamilton, The Bastard Brat Of A Scottish Peddler

At this time the government was funding its debt through private banks such as the Bank of North America and the Bank of New York. Not satisfied with the structure of American banking, Hamilton reported to Congress the need to establish a National Bank in December of 1790. The Senate created a committee to study Hamilton’s proposal. On the committee were men who shared Hamilton’s ideas in fiscal matters, and that of a strong federal government. One of the members, General Schuyler, was Hamilton’s father in law. It was of no surprise that a bill arose out of the committee supporting Hamilton’s plan to incorporate a Bank of the United States.

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.

America has long been considered a great, powerful country. From its beginning, the United States had the potential to be something revolutionary. The idea of a democracy was, in the 1700’s, strange. While many men are regarded as key elements in the birth of America, one man stands out, despite his sometimes being overshadowed by fellow Founding Fathers. Alexander Hamilton was an immigrant, soldier, and the first Secretary of the United States Treasury, among his other contributions to America. He had dreams for his adopted country and was highly determined to see them to fruition and create a new, remarkable nation. Alexander Hamilton embodies the characteristics of an epic hero because he was a great warrior, he was capable of great deeds of strength and courage, and he is a national hero.

Fixing financial policies is very important. A national bank would establish financial policies. This bank is chartered under the Federal government. Hamilton believed in the need for banks to fix financial problems such as providing credit to people and to stimulate the economy. The Federalist party funding the old revolutionary wars debt and the state's debt. “The Senate passed it handily on January 20, 1791, and the House followed in early February” (pbs.org). This shows that hamilton's bank plan easily went through congress and it was passed. After all this information lets

Hamilton’s creation of the first bank in the United States continues to exist in today’s economic environment. However, at that time Hamilton’s proposal was met with widespread resistance from individuals such as James Madison and Thomas Jefferson who considered the creation of a federal bank as unconstitutional. The analysis made by Gordon in his book is consistent with arguments made by to have a bank that would be effective in order to implement the powers authorized by the government as it was implied in the constitution

Did Alexander Hamilton play as important a role in our founding as history portrays? This short paper on Alexander Hamilton will outline his importance in the journey of the United States of America to become a free country and will also show the various ways he made this country successful by pioneering the formation of the American government.

On July 11, 1804, a bullet from Aaron Burr’s pistol put an end to the life of Alexander Hamilton. However, it did not put an end to Hamilton’s vision for America. In 1806, a twenty-nine year old Kentuckian entered the U.S Senate and breathed life into Hamilton’s vision. His name was Henry Clay. For the next forty years, the man whom Abraham Lincoln called “My beau-ideal of a statesman” to natiously strove to implement a federal economic policy that closely followed

Hamilton wanted us to start to push our own goods. Industrialization was essential in his views. (Farless) He believed that a strong government would provide a good business that would allow industries to grow. He established a National Bank and funded the National Debt so that the United States would have a national credit that would standardize a national currency. Hamilton argued that the bank would provide stability to the specie-starved American economy by making loans to merchants, handling government funds, and issuing bills of credit; much as the

Alexander Hamilton was one of the most influential figures to shape American finances. He made his contribution through the The Hamiltonian Economic Program. The goal of his plan is to improve the American economy through three steps. The first is to pay off the nation’s national debt in order for states to focus on business. This way maximum profit can be achieved. The second step is to place tariffs on imported goods to gain money. Lastly is to create a national bank in order to regulate money flow and currency. However, Thomas Jefferson strongly disagreed with Alexander Hamilton’s views which was evidently seen in the political parties, the Democratic Republicans and the Federalists. One of the main differences between the two is regarding the type of government America would have. Hamilton favored a strong federal government while Jefferson favored a small local government.

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.

Hamilton was a dedicated proponent of the Bank of the United States, proposing the idea to President Washington in January of 1791. Under Hamilton's plan, the federal government

There have been many controversies since the United States declared independence in 1776. One of the many domestic issues that divided American citizens was developing the First National Bank in the late 1700s. Hamilton was in favor, while Jefferson opposed and American citizens chose their side based on what they believed what was best for the country. Hamilton proposed a Report on a National Bank in December of 1790 announcing what the National Bank would include. Hamilton’s proposal included, “The bank’s stock would be worth $10,000,000. 20,000 shares would be sold privately at $400 per share ... 5,000 shares or $2,000,000 of bank stock would be bought by the U.S. government. The bank would be run by a 25-man board of directors - 20 chosen by the shareholders and 5 by the government. The bank’s president would be elected by the board of directors. Notes and bills (money) issued by the bank would be redeemable on demand ... and would be accepted by the U.S. government for all payments due. The bank’s charter would run for 20 years and would be subject to renewal by Congress. The bank would be allowed to establish branch offices in other cities; its main branch would be in Philadelphia, the nation’s capital” (http://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit3_ 4.pdf). Although the first part of the bank bill, establishing a national mint, did pass with ease, supporters and opposers debated the rest of the bill, which included the development of

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.

Alexander Hamilton, recognized as one of the Founding Fathers of our country, had a great impact on the wars and political issues of his time. He presented himself as a well respected man and proved himself worthy of the tasks he was given. He impressed many people and played a substantial part in influencing where America stands today. Although his early childhood circumstances were difficult, putting him at a disadvantage, Alexander proved himself capable of achieving success all on his own, without the need of others’ assistance or provision. His efforts ultimately played a significant role in the founding of America.

In the American nation, he developed love of regulation, efficiency and organization. Hamilton strongly showed that America must possess credit for the development of government operations, trade, industry and business activities. He stressed the importance of the central government to take over the debts of the state that were unpaid in the Revolutionary period (Scott, 2008). The central government was endorsed by the American Constitution to charge and collect taxes as well as pay liabilities (Robertson, 2005). Such operations can be professionally handled by a central bank. Therefore, Hamilton was characterized by thinking creatively and critically as he observed the potential of the trade industry’s immense power (Pancake, 1974).