The Importance Of Alexander Hamilton And George Washington

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

During the Revolutionary War, he served as General Washington’s right hand man, writing Congress for supplies and convincing more people to help with the war effort. At the time he was only twenty-two. After the war he went back to New York and practiced law, quickly rising in status and influence. As it was decided that this country could not be sustained under the Articles of Confederation, the Continental Congress was formed, to which Hamilton was elected the New York junior delegate. “In 1786 he played the leading role in the convention at Annapolis, which prepared the way for the great Constitutional Convention that met at Philadelphia in 1787” (Rodger). His ideas and words were powerful among the framers of the Constitution. Even after the Constitution was written people were not sure if this document truly created the government they wanted. Without Hamilton’s brilliant turn of phrase, the US Constitution as we know it may never have been ratified. Hamilton led James Madison and John Jay in writing the Federalist papers defending the document to the public, writing fifty-one of the eighty-five essays himself. “He [was also] leader of the Federalist Party until his death,” a party that was created to form the style of government that still rules this country today; a system

During George Washington’s presidency of our new nation, there was a large disagreement between his Secretary of Treasury, Alexander Hamilton and his Secretary of State, Thomas Jefferson on several economic and political challenges.To get the nation out of extreme debt, Hamilton came up with a financial plan that included the creation of a national bank. This national bank would be a safe place to deposit government funds, a source of loans for the government and businesses, and the creation of a national mint. However, Jefferson was strongly opposed to the idea of a national bank, he believed it was strictly against the Constitution and would give the federal government too much power. Hamilton argued that Article I Section 8 of the Constitution

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

In 1787, Hamilton was the first New York delegate chosen to the Constitutional Convention. He also served as assemblyman in the New York State Legislature, but his influence was quite limited. The Convention convened in the State House, which is now known as Independence Hall, in Philadelphia. On May 14th there were only delegations from two states, so the revision of the Articles of Confederation was adjourned from a day to day debate. On May 25th a quorum of seven states was obtained, debate continued and it was clear that by mid-June that the delegates present decided not to just amend the current Articles, they would draft an entirely new frame of government. During the late 1780’s there were 85 letters written to newspapers to try and sway at least 9 of the 13 states to ratify the new document they were writing during the Convention in 1787. The letters were written under the pseudo-name

Out of all the obstacles that the federalists had faced, the economy was, by far, the most problematic and the most difficult to find a solution for all parties. The country was not in a very stable position because of the recent crises like the whisky rebellion, or money-producing ideas such as bonds. Hamilton, Madison, and Jefferson played major roles in establishing the economy of the United States at the time, and also had a large role in the development of today’s government and economy. Without the ideas of these men, the United States economy may have the same problems today that the federalists faced then. And in the end, even though the idea of a national bank was redundant, that is what removed the United States from

Hamilton was appointed by President George Washington as the first Secretary of the Treasury Department. Hamilton was a Federalist and wanted a strong central government which means it should have more power than the states. Hamilton believed in a loose interpretation of the constitution which means the document allowed everything if it did not forbid. During the French Revolution, Hamilton supported and was an ally of Britain. Hamilton wanted elite rule America. The Federalist Party would be one of the “rich, the able, and the well-born” (Foner, Give Me Liberty, I, 295) as Hamilton stated. Hamilton favored a close relationship with Britain and he wanted America’s economy like Britain where trade and manufacturing were priorities. Hamilton desired to develop the economy and financial stability of the United States, so he established an economic five-program in 1790 and 1791. The first part was to establish the new nation’s credit worthiness which means people

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.

Although both men were important in the Revolution and in the establishment of the United States, they did not coordinate until Washington chose Hamilton to be the Secretary of the Treasury and Jefferson to be the Secretary of State. From the beginning, the two men harbored

A meeting, called the Continental Congress, took place where representatives from each state would discuss how they could improve it. Hamilton was one of the three representatives from New York, but he was the only Federalist of the three, which means he was the only one that was in favor of a strong national government. Eventually, the Continental Congress agreed on the Constitution. It would take more work than that though. After the Constitution was agreed upon by the Continental Congress, it had to get ratified by each state, and New York would be one of the hardest to get the Constitution ratified in. Hamilton, knowing that it was going to be hard, took a stand alongside James Madison and John Jay, and the wrote a series of essay entitled The Federalist, defended the new U.S. Constitution. The three of them combined wrote a total of eighty five essays, of which Hamilton himself wrote fifty one. The essays convinced the people of New York City of how important it would be, but upstate farmers were holding out. It wasn’t until New Hampshire became the ninth state to ratify the Constitution and thus make it law, that New York realized that holding out wouldn’t benefit them and accepted the new Constitution, on the condition that there would be a list of amendments that we now call The Bill of

Hamilton also proposed to pay off the foriegn debt and to issue new bonds to replace the old bonds. One of the most significant things Hamilton did was propose the idea of a national bank that would be funded by the federal government and private investors, and that would also issue money and handle all government funds. During the XYZ affair, the Federalists prefered to fight the French than to pay or negotiate, as the Republican position confirmed. The Federalists also agreed with and helped pass such laws as the Naturalization Act, the Alien Act, and the Sedition Act.

Although Hamilton attended most of the proceedings at the 1787 Philadelphia Convention, he did not actually participate much in the drafting of the new document. Hamilton argued that a new and stronger central government was needed to correct the mistakes made in the government outlined in the Articles of Confederation, but

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.

By the 1820’s, the Embargo Act, War of 1812 and the Panic of 1819 played a very important role in the reshaping of our countries economic development. Hamilton believed that America would flourish only if we were involved in heavy manufacturing and commerce. He believed a strong federal government could solve many of the new country’s financial problems including establishing a stable currency. He therefore established a national bank similar to the one in England to consolidate the states debt under the federal government and enacted protective tariffs to increase American manufacturing. He also knew the importance of promoting domestic manufacturing so the United States would no longer have to rely on imported manufactured goods. Jefferson was the complete opposite. He believed that it was essential that the citizens of the new country would grow their

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).