Why Is Alexander Hamilton Important

Alexander Hamilton was born in the British West Indies (1775-1802). The background of Alexander before he became the secretary treasury of the United State. Where he helped found the first national bank, the U.S. Mint and a tax collection bureau that would later become the U.S. Coast Guard. He arrived in the colonies as a teenager, and quickly embarked on a remarkable career. He was a member of the Continental Congress, an author of the Federalist Papers, a champion of the Constitution. Alexander was troubled by personal and political scandals in his later years, Hamilton was shot and killed in one of history’s most infamous duels by one of his fiercest rivals, the then Vice President Aaron Burr, in July 1804 (Staff, History.com). It is clear

Do to American not been at credit risk, at this point anything would be great. Hamilton, had the mindset to get American up and going. With helping and founding the bank Alexander had an upper hand with getting American a loan with any hesitation. On September 18, 1789, he entered into negotiations for a temporary loan with the Bank of New York and the Bank of North America the only two banks in the country at that time. The following February, the deal went through and the government borrowed $19,608.81. It was the start of the American national debt under the new Constitution. The Constitution required the new government to assume the debts of the old one under the Articles of Confederation. To win the Revolution, the Continental Congress had borrowed heavily from the French government and from Dutch bankers and had stopped paying both principal and interest on those debts in 1786 (Us. News John Steele

One clash between them, which occurred shortly after Jefferson took office as secretary of state, led to a new and profoundly important interpretation of the Constitution. When Hamilton introduced his bill to establish a national bank, Jefferson objected. Speaking for those who believed in states' rights, Jefferson argued that the Constitution expressly enumerates all the powers belonging to the federal government and reserves all other powers to the states. Nowhere was it empowered to set up a bank. Hamilton contended that because of the mass of necessary detail, a vast body of powers had to be implied by general clauses, and one of these authorized Congress to "make all laws which shall be necessary and proper" for carrying out other powers specifically granted. The Constitution authorized the national government to levy and collect taxes, pay debts and borrow money. A national bank would materially help in performing these functions efficiently. Congress, therefore, was entitled, under its implied powers, to create such a bank. Washington and the Congress accepted Hamilton's view and an important precedent for an expansive interpretation of the federal government's authority (www.let.rug.com American