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Alexander hamilton and thomas jefferson dbq
Alexander hamilton contribution to america
Alexander hamilton contribution to america
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After the Revolutionary War, most states went into debt because the finance of the Revolutionary War pushed out the taxes three or four times the level to help wage the war. Most American demanded the relief of high taxes and heavy debt. Alexander Hamilton "instituted a plan to get the brand new nation off on the right foot financially." Hamilton believed in debt because in order to establish credit you must have the ability to borrow in the future. Hamilton also wanted to establish a national bank to unify and stabilize currency called the Bank of the United State.
Alexander Hamilton was present at the Constitutional Convention, where he had made claims, that ultimately failed, for a National Bank to be included in the Constitution. After the United States was born, Hamilton believed that the U.S. was headed towards an industrial and commercial society. Where the housing of its money should be by the federal government. Thus, the creation of a bank would be necessary to allow for Congress to borrow and lend money with other countries. An industrial nation would need outside funds to be successful.
There were many people who wanted to redo the Confederation's national debt/pay Hamilton insisted on a full payment and also a plan so that the federal government could take over the unpaid debts, that were due for the states which had happened in the Revolution. Hamilton also made sure that congressional legislation for the Bank for one of the United States was very secured. When the Bank of England acted as the nation's main institution it managed other branches in different parts of the country. Hamilton decided to sponsor a national print and argued in favor of tariffs, saying that protection of firms could be used to help keep the development of competitive national manufacturers. These measures took place of the credit for the federal government on a good foundation and gave it all the fixes and help it needed.
Alexander Hamilton was a major part in the making of the United States of America. Firstly, He was George Washington’s protege during the Revolutionary War and and was part of the Continental Congress in 1782, 1783, and 1788 Secondly, He was the first Secretary of the Treasury in the United States. Lastly, Aaron Burr and Alexander Hamilton got into a dispute from the election of 1801 and the standoff led to Alexander Hamilton killed on that day. In conclusion, Alexander Hamilton was a major part in the making of the United States of America.
as well as the states, which were very separate from each other in many aspects, so with the creation of a national bank Hamilton sought to address all these issues. The way Hamilton planned to do this was by assuming having the national bank assume the debt of all the states, resolve the concerns over fiat currency that was issued by the continental congress and raising money. So, by doing this Hamilton was not only getting the states to feel invested in the government, but also the speculators since they needed the government to pay off the bonds that were issued, and by paying the money owed to foreign creditors, the U.S. would start becoming a reliable partner; in other words, yes, the national bank was essential, a necessity to the well-being of the
Alexander Hamilton was a founding father of the United States, chief staff aide to George Washington, and one of the most influential interpreters of the U.S. Constitution. After the American Revolution, Hamilton believed it was necessary to eradicate the debt we owed, and to establish a nationally flowing currency to continue taking in revenue. Thomas Jefferson also believed the national debt should be eliminated. Jefferson, like Hamilton, was a founding father. He also wrote The Declaration of Independence, and was the third president of the United States.
He successfully argued for the assumption of state debts by the federal government and the establishment of the first national bank – a private, but partially government-owned institution. He firmly established the principles of financial trading. Due to his efforts, the creditworthiness of the United States was restored. Hamilton’s accomplishments as Treasury Secretary were not achieved without a struggle. His congressional opponents tried to exhaust him by demanding detailed reports on the workings of the treasury department with incredibly short delivery dates.
As Secretary of Treasury, Alexander created the first National Bank. He also created The US Mint. This was where the first American coins were made. While Hamilton was Secretary of Treasury, he helped the government be able to pay its debts. Because of this, European countries were willing to do business with them.
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.
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
¨A national debt if not excessive, will be to us a national blessing” a quote from Hamilton, the first secretary of the nation's treasury. Alexander Hamilton is an influential figure in history y taking one of the most important stands in American history. (Hamilton). There can be many different ways someone can take stand: a stand for their country, a stand for themselves, a stand for others, a stand for freedom. They all have one thing in common, they all stand for change.
In 1777, Hamilton had become George Washington’s assistant. In the year of 1788 he convinced New Yorkers to ratify the U.S Constitution. He then became the secretary if the treasury. He was a founding father, served in the military, studied law, was involved in politics and government. He is also on U.S currency (10-dollar bill) who was never a president.
“Alexander Hamilton, a delegate to the Constitutional Convention and major author of the Federalist papers, was the United States' first secretary of the treasury” (Biography.com). From the Revolutionary War to his fatal death, Alexander Hamilton did many things throughout his life and is one of the many people that helped develop the first political party called the Federalists. All of this began on January 11th, on the island of Nevis, in the British West Indies, when Alexander Hamilton was born. The exact year of Alexander’s birth is unknown, but it is estimated that he was born in either 1755 or 1757. He was the result of an affair with his mother, Rachel Fawcett Lavine, and a Scottish trader that soon abandoned them.
Alexander Hamilton controled taxes and what taxes would be introduced[http://www.history.com]. Alexander Hamilton was big help in getting money to help pay for the war and a big help in the war. He was a huge help to Washington in the war by helping him map out the grounds or helping with supplies. Washington wanted hamilton by his side during the war and out of the war. When the city was in debt Hamilton made
Russia is the largest country and is ranked the sixth most powerful country in the world. Almost 15 years ago, the leaders of Ukraine, Belarus and Russia engaged the dissolvent of the USSR in 1991 following the collapse of the Soviet Union. Post-Soviet Union, many believed that Russia would follow western political norms and democratize. Once Boris Yeltsin was elected as president, he promised to open the door and inherit a new political age of Western-style democracy. After the collapse of the USSR, Russia was expected to become freer in market and society with the new leaders in charge.
