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1775-1800: A Historical Analysis

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The American Founding lasted for twenty five years from 1775-1800. During that time, the United States declared and won its independence, a gradual revolution in the political, social, and economic landscape was begun that was not completed by 1800. From the unofficial factions of loyalists and patriots, to federalists and democratic republicans with everything in between, the ideals of these two opposite sides changed very little throughout the time period of 1775-1800. It is undeniable however that these two political parties evolved to become stronger, and more cement in their concepts. Throughout the course of the revolutionary war, the opposing groups included loyalists, who flourished under the king, and patriots, who suffered …show more content…

Though colonies managed to eventually pay off the debt they owed, the economic system did not change drastically during that time period. At first, with the pitifully weak Articles of Confederation in place and it’s limits on taxation, the debt only got worse leading to the creation of the Constitution and a stronger central government that had more power to deal with money problems and manage them efficiently. Hamilton, as the nation’s first Secretary in the Treasury, began to shape fiscal policies in such a way that it favored the wealthy who would in turn lend the government monetary and moral support so that the masses would benefit. Then Hamilton began pushing excise taxes on all the states (including those that had already covered their debt) and the colonists retaliated with rebellion and protestations though they knew his policy and the taxes would take care of the debt more quickly. Hamilton also managed to win the permission of congress to create a national bank where extra Treasury money would be placed. Though this idea was widely disliked president Washington saw the potential and helped Hamilton get the national bank passed. During the rebellions against the heavy taxations on whiskey and other goods, colonists managed to cause the halt of some courts of justice and they were heard calling out for paper currency or equal distribution of property (Doc G). Hamilton managed to pay off the nation’s debt and create a national bank yet very little changed in the nation’s economic system in that time

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Imagine, a new land across the sea found so people can get away from all their troubles and start a new life. Everyone get’s there is excited for their new life but come to see it’s exactly the the same but worse. A tyranny that’s being run into the ground by bad decisions and bad relations with other people will they realize they're issues before it’s to late or will the continent be saved by a different cause. When examining the events of Stamp Act, the similarities and differences between Patriot and Loyalists’ While both sides had their differences they all had common ground, they both shared the British tax system and laws. Whether the Loyalists agreed with the Parliament or the Patriots thought it was an imposition on their rights,

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Specifically, Alexander Hamilton was focused on paying national debt that was incurred during the revolutionary war. Alexander Hamilton developed and was responsible for the first national bank of the United States, which was “designed to facilitate the establishment

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All through his book Gordon explains how the debt has influenced and shaped the history of America economy. Hamilton wanted to reshape the American economy, thus he proposed the virtues of the national debt claiming that when it is limited it may be a national blessing. While providing the audience with a history of the American debt, Gordon aims at proving Hamilton 's beliefs. Indeed, the author wants to show that if the debt is used wisely, it may turn out to be a useful political and economic instrument. To support the assertion that the budget deficit is not necessarily evil, he includes different events of the American history.

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The reason this debt was hanging over the United States was because of the expensive Revolutionary War that they had just been involved in. Referencing the report on National Bank Hamilton’s genius plan recommended the creation of the First Bank of the United States. This First Bank was supposed to establish public credit and improve the power of the national government of the United States of America, also expand the flow of legal tender and national debt through some issuance of federal bank notes. In Hamilton's theory, the bank would hold government funds, manage its debt, and loan this same money back out in hopes to help in the recovery from the financial burdens the US held. This Bank would also help to "stimulate the economy" (Cowen, Wright, 2006).

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Alexander Hamilton throughout his life has had many noteworthy achievements. One of Hamilton’s most important achievement is that he created the first federal bank. This banking system allowed you to make bonds, loans, and more. This has been long lasting and very helpful to people for years and years to come. He also came up with the idea of a national currency or the money we use today.

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Hamilton 's monetary course of action for the nation included working up a national bank like that in England to keep up open credit; cementing the states ' commitments under the focal government; and initiating guarded tolls and government enrichments to empower American makes. These measures fortified the administration 's vitality to the hindrance of the states. Jefferson and his political accomplices limited these progressions. Francophile Jefferson expected that the Bank of the United States addressed an inordinate measure of English effect, and he battled that the Constitution did not give Congress the capacity to set up a bank. He didn 't assume that propelling produces was as basic as supporting the authoritatively settled agrarian base.

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In a time when conflict was rising between America and Britain leading to the first shots at Lexington and Concord sparking the Revolutionary War, and the powerful Federalist Party fell out of favor for a new and improved Republican party. It is in this context that the search for change was set in the heart of each and every American man and women. Two significant changes in the violent protest from 1763 to 1791, the outcome that ensued from the elite fearing the common people and the enemy who the common people targeted their anger at. Admittedly, one significant continuity in violent protest in America from 1763 to 1791, was that the rebellions were always led by the common folk of America to change the government. In the beginning of

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Hamilton wanted to create public credit with a treasury system, a national bank, a mint, and increase manufacturing which would help unify the country. On the other hand, there was Jefferson, who opposed a strong central government. He argued that the “wealthy would gain at the expense of ordinary Americans and that Hamilton’s political economy would corrupt the morality of citizens and undermine the social conditions essential to republican government”(Powerpoint). The country would opt for an approach closer to Hamilton’s views. One of the first acts was the National Banking Act.

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While George Washington was in the presidency, he faced three major challenges: constructing a practical government from the Constitution’s blueprint, finding revenue to support the government and pay its debts, and stabilizing relations between the United States and foreign powers. George Washington chose Alexander Hamilton as his Secretary of the Treasury, and in October 1790-1791, Hamilton presented Congress with four reports in which “he described his vision for the future of America.” In his first report he made two proposals to discuss debt: “The government should fund both the foreign and the domestic debts at full face value by issuing new interest-bearing certificates to public creditors,” and “the national government should assume

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The American Revolution is arguably the turning point of American history as it resulted in somewhat of a significant, positive change in politics, economics, and society as a whole. However, from 1775 to 1800, the effects of the revolution on the American society were subtle as most principles glorified by revolutionists contradicted the examples set forth by colonial reality. Perhaps most alike to revolutionary beliefs was the American economy and how it participated in free trade or encouraged the independence of hard labor. Politically, the states did apply Enlightenment and republican ideas as promised, but more often than not, the benefits of such ideas were limited to rich, land-owning, protestant, white men. This glorification of

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Alexander Hamilton, the first Secretary of Treasury of the United States, had a lot going for himself being a man that came from poverty to success, and he was a man “all powerful and fails at nothing which he attempts” admitted a congressman in 1791 (Tindall and Shi). Born in the Caribbean in the West Indies, abandoned by his father and orphaned at the age of 13 by his late mother who had died. Later moved to New York, became a lawyer and transitioned to nationalism thus giving him the important role of handling the weight of the debt America had accumulated $54 million deep after the Revolutionary War (Digital History). Hamilton saw the need for some financial credit to be given to America and he had the right idea by proposing a National Bank to his first president George Washington. Word dispersed of that proposal leading a

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Hamilton would be the first Secretary of the Treasury, and proposed the First National Bank (Ulin, 2004). During his time as treasurer he worked tirelessly to erase the national debt brought upon by the Revolutionary War, and the United States’ need to borrow money from other nations to aid in its victory. One of his solutions to the debt problem was the implementation of a national tax program, and the proposition to create different methods of taxation. He also helped in the much needed establishment of credit with other nations, and founded the United States Mint (Green,

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The goal was to strengthen the economic system, lower the foreign debt and to support the ratification of the constitution. Political and economic differences were to be settled through congress, who could veto the president, be reviewed by the judiciary branch, or override certain laws that differed from the constitution. Hamilton had suggested that they tax whiskey and since most products were imported, installed a tariff on those goods. But the whiskey tax became quickly unpopular because whiskey had been the most sold beverage of the 18th century so people began protesting. Hamilton had to lead an army to Pennsylvania to fight the whiskey rebellion.

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After the American Revolution the economy of the newly founded United States was very similar to the economy of the colonies beforehand. Not much had changed on the economic front of the new country formed after the Revolutionary War. Before the Revolution the British colonists were being taxed on purchased goods after the French and Indian War. The Whiskey Rebellion was a very clear sign that the American Revolution was not very revolutionary. The American citizens were still being taxed on on goods because of the wars that they had started that were supposed to benefit them.

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