ipl-logo

Was Alexander Hamilton A Success Or Failure

473 Words2 Pages

Alexander Hamilton’s marriage was successful but it had its flaws. Such as, he had an affair with a woman known as Maria Reynolds. Alexander then had to apologize publicly and privately to his wife Elizabeth. They later had two more children and stayed happily married. Elizabeth outlived Alexander by 50 years and spent that time trying to undo the damage done in the last decade of his life.
In 1784, Alexander Hamilton founded the Bank of New York. Now it is the oldest ongoing bank in the United States. He founded it not on his own but with Aaron Burr. Hamilton proposed a national bank. Congress approved the idea in 1791. The bank had $10 million in capital. It could lend the government money and pay off state debts. Hamilton’s system also created a federal system to collect taxes. But not everyone accepted Hamilton’s views. Many of President Washington’s advisors opposed Hamilton. Alexander fought for his bank and won his argument. He was …show more content…

Throughout the rest of 1776, Captain Hamilton established himself as a great military leader as he directed his artillery company in several battles in and around New York City. In March 1777, Hamilton’s performance came to the attention of General George Washington and he was commissioned lieutenant colonel and personal aide to General Washington in the Continental Army.
Hamilton was one of the greatest contributors to the economy of the United States. He became an important member of the first Cabinet of the first President as the first Secretary of the Treasury (1789-1795). As the first Secretary of the Treasury, he brought about significant changes in the economy. Many modern facilities, like credit creation, were introduced in the United States by him. In the year of 1789, he presented five extremely important reports before the United States that ultimately shaped its

Show More
Related
569 Words | 3 Pages

In 1789, Alexander Hamilton took office as the first United States Secretary of the Treasury. Hamilton believed in centralized government and wanted to create ways for the nation as whole to pay off all war debts, raise government revenues, and create a national bank. Amongst many of Hamilton’s duties as Secretary of Treasury; was to formulate a financial plan to alleviate the country’s hefty debt from the Revolutionary War. He believed that since most of the war debt was incurred by the States but for the benefit of the entire nation, the debts from the war should be assumed by the federal government.

Read More
299 Words | 2 Pages

However, Hamilton, our first secretary of state, Thomas Jefferson usually never agreed with each other, but that didn’t stop Hamilton to create our first National Bank that was submitted on December 14, 1790. Unfortunately, not everybody liked Hamilton’s ideas because in 1804 Hamilton had died. (“Alexander Hamilton”). After Hamilton's death in 1804, Jonathan Dayton who was elected a seat in our first Congress, he still supported “Hamilton’s financial program” and was “pressed for suppression of the Whiskey Rebellion” (“Jonathan Dayton”). In the end, Hamilton showed leadership by creating our first National Bank, fought in our war like Odysseus fought for his men on his journey home from the Trojan, and wrote two-third of our new

Read More
939 Words | 4 Pages

In 1791, the United States was in debt (due to the Revolutionary War) and each state had a different form of currency. Treasury Secretary, Alexander Hamilton urged the congress to establish the First Bank of the United States in 1791. Alexander created this bank to assist the states in paying their debt from the war and to aid the government in its financial transactions. The First Bank was the largest corporation in the United States and at the time big banking unnerved many Americans. The First Bank of the United States issued paper money to pay any debts owed to the government and taxes.

Read More
1403 Words | 6 Pages

Gordon 's premise in Hamilton 's Blessing is that the national debt can be used positively in order to boost the economy of a country like the United States. In the book, Gordon uses economic history and theory to examine the start, rise and decline of the United States debt. The author opens his book by stating that this country was born in debt, and this debt has become so high that concerned individuals no longer think about it. Hamilton 's Blessing charts the history of the national debt since when the central bank of the United States was founded in 1971, up to modern days. The intellectual architect of this creation was Alexander Hamilton, the first Treasury Secretary as well as a central figure who had a deep impact on the economic

Read More
641 Words | 3 Pages

Both the newly formed domestic and foreign policies that America established after their claim for independence, undermined the nation’s strength and foundation and brought negative outcomes that would shape american politics from the 1790’s to the 1840’s. In the time ranging from the 1790’s to the 1840’s many events came that would bring Jeffersonians and Hamiltonians further against one another, splitting the body of the nation of America and eventually bringing opposing sides to each political decision. One issue came to cause much tension between Thomas Jefferson and Alexander Hamilton, and this was the proposed Bank of the United States which would be used by the federal government for money deposits. This new system

Read More
669 Words | 3 Pages

President George Washington appointed Alexander Hamilton as the Treasury Secretary and Hamilton took it upon himself to develop an economic structure for the United States. Hamilton used a strategy of loose construction for the interpretation of the constitution.

Read More
895 Words | 4 Pages

“The Bank of the United States was established in 1791 to serve as a repository for federal funds and as the government’s fiscal agent. Initially proposed by Alexander Hamilton, the First Bank was granted a twenty-year charter by Congress in spite of the opposition of the Jeffersonians to whom it represented the dominance of mercantile over agrarian interests and an unconstitutional use of federal power.” (Bank of the United States, par. 1) The main supporters of the Bank of United States were the businessmen and those who were involved in industry.

Read More
876 Words | 4 Pages

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.

Read More
1568 Words | 7 Pages

Alexander Hamilton was one of the major promoters and supporters of this revolution. He wanted a way to repay debts and attract investors and he wanted to do this by establishing a Bank of The United States. It had a limited charter and worked with some state and commercial banks. This new system encouraged manufacturing, allowed the government to restore its credit, and gave it the ability to obtain large loans during war. It is only able to do this by monitoring the amount of money in circulation.

Read More
961 Words | 4 Pages

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

Read More
800 Words | 4 Pages

The first National Bank, he displayed his brilliance as an economist. He also outlined a plan to create the capital required to kick start a prosperous economy and introduced government tariffs, subsidies, and awards to encourage American Manufacturing. According to John Steele, Alexander Hamilton can take all the credit for creating an economy that went on to become one of the strongest in the world. This article discusses essential information that support my point of view. Many points in history have lead to this.

Read More
1287 Words | 6 Pages

While a literary device, tragic heroes also appear in real life. A perfect example of a real life tragic hero is Alexander Hamilton, the first Secretary of the Treasury. This modern tragic hero started life as an orphan in poverty, living in the Caribbean, but his elevated character of exceptional literary skills, wit and progressive political ideas eventually landed him a spot as one of the most influential people in the United States. Alexander Hamilton had a positive hamartia, as he refused to remain quiet about the injustices of his country, oblivious to the danger it created for him and his family. The downfall of Hamilton occurred gradually.

Read More
423 Words | 2 Pages

Jefferson and the Democratic-Republicans were strict constructionists who believed that if the Constitution didn’t allow something, it was forbidden. Hamilton and the Federalists were loose constructionists who believed that if the Constitution didn’t forbid it, it was allowed. He explained his loose constructionist views in “Hamilton’s Opinion as to the Constitutionality of the Bank of the United States,” saying, “If the end is clearly found within any of the specific powers, and if the law has an obvious relation to the end, and it is not forbidden by any particular provision of the Constitution, it may safely be deemed to come within the compass of the national authority.” The National Bank held money for the nation, funded the government, and put private and public money together for a capital pool. Hamilton liked the National Bank because it loaned money to

Read More
552 Words | 3 Pages

Being a good leader does not necessarily mean shining in the spotlight. Some of the most revolutionary and successful leaders are the ones who worked the lights. Self-awareness, self-direction, vision, ability to motivate, and social awareness are the characteristics of a good leader according to SIY Leadership Institute (SIYLI). There have been many accomplished and renowned leaders in America since (and before) the 1770’s, ones whose names are universally known and others who are unfamiliar. Of the latter is Alexander Hamilton, who showed potential since the minute he was put on earth, for no matter what obstacles were thrown in his way he forged ahead and never threw away his shot.

Read More
735 Words | 3 Pages

Is There Something Wrong With United States’ Military Spending? The debate on whether the United States is spending too much or too little on the military has been going on for several years now with no ending in sight. Some background knowledge on this topic is that since 2007, the U.S. has spent at least 600 billion dollars on the military with highs of over 700 billion in 2010 and 2011. The citizens of the United States are still divided on whether there is too much or too little being spent on the military.

Read More

More about Was Alexander Hamilton A Success Or Failure

Related Topics

Open Document