The effect of alexander hamilton on the economy of the united states

His Scottish father and French mother were not married. Early in life he showed great intellectual potential and was sent to New York City for schooling by a sympathetic clergyman. Patriotic fervor was at its height during the s and young Hamilton impressed many with speeches and pamphlets. His abilities were soon recognized by George Washingtonwho appointed Hamilton as one of his aides-de-camp.

The effect of alexander hamilton on the economy of the united states

What did Alexander Hamilton do for the Constitution? Hamilton advocated a loose interpretation of the Constitution and by doing so strengthened the U. He advocated a strong federal government, a national bank, a reduction in the public debt, and the building of a navy.

Favored strong national governm…ent. Favored limits on states' powers. Favored development of industry on a national scale. Favored a national bank. Strongly disagreed with the French Revolutionaries. He was a Federalist, meaning he believed in a strong central government, unlike the Democratic-Republicans aka Jeffersonians.

His picture is on the ten dollar bill. Alexander Hamilton was known for disagreeing with George Was…hington. Hamilton was also known for his disagreements with Thomas Jefferson and Aaron Burr who also had serious disputes with each other.

Hamilton was also known for his disparaging remarks about the common citizens of America. He believed them to be ignorant and unfit to elect their own leaders. Aaron Burr killed Alexander Hamilton in a duel over comments made about Burr.

Alas, he is not recognized as the visionary profit that he was because of his powerful and dubious enemies. Jefferson, Adams, Madison, and Burr were all political enemies of Alexander Hamilton, they also came from… prominent and wealthy families. Jefferson used the irrational whims of the people to gain popularity, posing as a freedom-loving farmer, despite his great wealth and attatchment to slavery.

Alexander Hamilton - Wikipedia

This I especially find funny because Hamilton opposed slaver and never owned slaves as an adult, yet Jefferson was still credited as the more "democratic" of the two.

Having public popularity on his side, in addition to power and wealth, Jefferson succeeded in pushing Federalists out of the limelight. In addition to Jefferson's eclipsing public popularity was Hamilton's damaging personal life. Hamilton commited adultury and published the loe letters he sent his mistress to clear his name when he was accused of stealing public funds in truth his mitress was bribing him and Hamilton never withdrew money from the government's bank accounts.

The effect of alexander hamilton on the economy of the united states

This was deeply dammaging to Hamilton's reputation. The Federalist party went down with Hamilton's popularity. Once the Federalists lost power, it seems that America forgott its most loving Founding Father. We Americans have always had short attentions span, even before the onset of TV.

Choose a video to embed

Hamilton never had great wealth, in fact he died in great debt. His lack of family history made many of his colleagues suspicious of him in a time when family and wealth were the only means of being found respectable.

Indeed, what the above person said is correct, in most ways. Alexander Hamilton was a visionary, and today we do live in the world he envisioned.Alexander Hamilton (January 11, or – July 12, ) was an American statesman and one of the Founding Fathers of the United States.

He was an influential interpreter and promoter of the U.S.

The effect of alexander hamilton on the economy of the united states

Constitution, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard, and the New York Post newspaper. Yes. In , Secretary of the Treasury, Alexander Hamilton, proposed chartering the First Bank of the United States to handle the country's financial transactions and debt.

The Bank that Hamilton Built The intellectual architect of the bank—known today as the First Bank of the United States—was Alexander Hamilton, the founding father who most profoundly influenced the economic development of this country. But history has given economic victory to Hamilton.

The economy that developed in this country.

How did Alexander hamilton financial plan affect the economy of the US during the 's

The United States needed to pay down its debt and increase the flow of investment capital if it was going to generate enough wealth to fund future debt, a military, and the infrastructure on which the economy . Dec 15,  · Watch video · Proposed by Alexander Hamilton, the Bank of the United States was established in to serve as a repository for federal funds and as the government’s fiscal agent.

Like Alexander Hamilton himself, manufacturing has played a tremendous role in making the United States the country it is today – all foreshadowed by a report to Congress delivered years ago.

Alexander Hamilton - Wikipedia