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Why Was The Constitution A Turning Point

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The ratification of the U.S. Constitution was not only a political turning point, but also an economic turning point in the history of the United States. This change in America was desperately needed because they needed stability following the war. The results of the ratification of the constitution were huge politically and economically in the sense it created a stronger central government, led to the Hamilton Financial Plan, and made the U.S. a more stable nation with more economic prosperity and opportunity. Politically, the ratification of the constitution was a big turning point for the U.S. because it formed a stronger central government. With a stronger central government, it gave them the power over the states which is the difference between this new constitution and the Articles of Confederation. The new central government changed crucial tax policies that would benefit the citizens and help in paying for the huge war the U.S. just got done fighting. A major new feature the constitution added to American politics is the introduction of checks and …show more content…

The Plan was proposed by then-1st Secretary of the Treasury, Alexander Hamilton, who had been seeking financial reform for years. The Plan led to the creation of the Bank of the United States, which was created as a private bank with the government owning stock. The creation of this bank aided the massive effort to get out of debt. It also established protective tariffs, a tax on foreign goods to protect American industries from foreign competition. This helped the U.S. to make more money from the American industries rather than getting the foreign countries goods. This also allowed for more American jobs to be created. Hamilton’s Financial Plan was a long term effect of the constitution because it got the country out of most of its debt from the war even though it took some

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In the 1790s, the first Secretary of the Treasury, Alexander Hamilton and fellow Federalists wanted to protect the United State's economic future through several different means; namely, the creation of a national bank, maintaining good financial credit, and by developing a lasting economic system. The United States was in turmoil, still rebuilding from their recent detachment from Britain. The United States government was in shambles, its economy arguably in an even worse one. It was for that reason that president George Washington elected Alexander Hamilton to develop a sound economic plan for the United States. Hamilton and his fellow Federalists had many ideas for improving the economy; however, the Republicans or Anti-Federalists, were disinclined to agree with their federalist counterparts due to opposing views on government authority.

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Hamilton believed that wealthy Americans would provide political support to the government and his plan in general would help pay off the debt to merchants who they owed most of their debt to. However, the debt would have to be paid by through taxes by the American people. Hamilton thought money and wealthy Americans would solve all of their problems concerning debt, and that in result would secure the government. Unfortunately, most Americans were not the wealthy

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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.

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The Bank of the United States was a necessity that our nation could not do without because it created a national currency, created new money through borrowing, and expanded the national economy. The bank would be the capstone of Alexander Hamilton 's financial plan. His plan was for the states debts and federal debts all be assumed by the federal government under the impression that it would bring the states closer to the national government. The willingness of the American people to repay their debts drew the attention of foreign investors. While the first part of Hamilton 's financial plan was successful, many people were still opposed to the idea.

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Alexander Hamilton, Secretary of Treasury, had a vision of a strong national government and a strong national economy. He proposed a multi-facet plan to help the states and federal government out of debt. A large component of this plan was to create a National Bank. Alexander’s plan was strongly opposed by Jefferson’s Party as they found it unconstitutional for Congress to pass this bill to give the federal government control over a National Bank. They feared a strong central government, as active opponents of the English government and argued that giving too much power to the federal government could lead to tyranny.

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The Constitution of the United States was written in 1787, but there was a grapple for its ratification that went on until about two decades after the ratification. Members of Congress believed that the first government of the United States or the Articles of Confederation, needed to be adjusted while others did not want anything to change. After the Revolutionary War, the people did not want a strong central government, because it reminded them too much of what they were trying to escape from. Under the Articles, each state had their own laws, and the need for a new Constitution was desired by many. The Constitution of 1787 created huge debates, arguments and splits in the nation that lasted for several year after its ratification between people who

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Second, Hamilton’s financial plan said that the nation needed to combine the debt between the southern and northern states to get rid of all of the war debt. The southern states disliked this a lot and were very angry that that they had to pay off the debt of the north after they already payed of all the debt of their own. The southern states also pointed out that this plan should not be accepted by Washington because it was unconstitutional and was not stated in the constitution. Lastly, George Washington had to made a decision if he agreed with Alexander Hamilton to set up a National Bank. Once again, this was Thomas Jefferson vs Alexander Hamilton.

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Hamilton controls the Customs Service, the Coast Guard, and appoints a vast network of men to collect import duties and taxes. He sees America as an undeveloped land with great potential. He sets out to reshape the country, to transform it into one of the great nations of the world. In a very short time, he puts a series of great proposals before Congress -- instituting a national currency, the dollar; establishing a national bank, the forerunner of the Federal Reserve. Hamilton's vision spurs the growth of the stock market, the engine of the country's future prosperity.

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The new government, the Constitution, is now able to enforces taxes, which allowed money to come in and the government was able to pay off their debt. One other weakness of the articles was that it gave all power to only one house of representative from each state, the constitution try to solve this matter that creating three separate branches of power, the Legislative branch, Executive branch, and the Judiciary branch, allowing the power to be more divided. Representation was another problem in under the Articles of Confederation because a big state like Massachusetts and a small state like New Jersey both have the same amount of representatives, the Constitution made a compromise by forming two house in Congress the Senate, where each state get equal representation, and the House of Representatives, where each state is represented by the population of the state. The Constitution also fixed the problem of passing a law; under the Articles of Confederation, laws can only be passed if 9 out of 13 representatives agrees on the law because of this not much laws were passed, now under the Constitution only 51 percent of the votes to pass the law. From this readers can infer that the Constitution fixed many of the defects in the Articles

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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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So within an hour of the stock in the new bank being put up it was sold out on July 4, 1791. The bank caused a lot of good to come to the new young republic. Hamilton nurtured the hustling, bustling, aspiring spirit that he believed made Americans different from the others, he wanted to ensure that everyone had the opportunity to rise from poverty and have the same availability of success and would always have. The thriving new markets and new industries ensured the fate of the republic (Tindall and

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In one hand, the Articles of Confederation had a weak central government, differing form the strong central government in the Constitution. The Constitution’s government had a structure of three different branches; the legislative, executive, and judicial branch; unlike the Articles of Confederation that had no structure whatsoever. The Articles of Confederation had many problems like, the poor international trade, poor foreign relations and a weak economy in contrast to the Constitution that only had one problem, the struggle over the ratification. the Articles of Confederation achieved the Northwest Ordinance and the Northwest Territory and according to a history website, the Constitution achieved that we had a system of checks and balances, that we had a bill of rights, and, eventually, the survival of a bloody civil war intact. Lastly, the Constitution had three compromises: the Great Compromise, the Three-Fifths Compromise and the Slave Trade compromise.

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It called for a new currency system which would help eliminate problems with trade and allow the government to impose taxes more efficiently. The ratification of the Constitution helped the United States to make better progress as a nation and made economic growth

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Ratifying the Constitution Ratifying the Constitution has saved our country from being like England and from not falling apart. Before the constitution we had the articles and those weren’t working out at the time and we weren’t able to fight against rebellions and or against other countries when. We could act faster with the Constitution and we had a checks and balance system and also we had a checks and balances system. We could have acted faster with the constitution instead of wanting around for all states to agree on doing something.

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As a milestone along the road to slavery’s final destruction, the Emancipation Proclamation has assumed a place among the great documents of human freedom. Still, at the time Americans recognized its limited effect: the Emancipation Proclamation had no legal status. The Thirteenth Amendment, ratified in December 1865, remedied this problem by making emancipation part of the nation’s fundamental law. Debated then and now was the question of whether the amendment went beyond merely freeing the slaves. Did it promise, in addition, a full measure of freedom for all Americans?

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