Analysis Of Alexander Hamilton's First Report On Public Credit

In his First Report on Public Credit, Alexander Hamilton discusses the current financial situation of the United States and, as a response, proposes a plan to take care of the debt accrued from the Revolutionary War. Hamilton 's address tells the story of a significantly indebted newfound nation in desperate need of financial reorganization. He first discusses the strain that could be placed on public credit from public engagements and that the expensive engagement of war against Britain was the price to pay for liberty. Subsequently, he delivers his plan, which focused on the full payment of foreign loans, redemption of bonds (which would create new debt, but nonetheless establish good federal credit), and the assumption of individual state

As a result of the millions of dollars in war debt that the United States faced, Hamilton was requested by Congress to present this report to the House of Representatives. As mentioned, Hamilton 's position was the Secretary of the Treasury; he was ultimately responsible for evaluating the nation 's economic state and making any recommendations necessary for improvement. With the nation in a financial crisis, Hamilton 's report was crucial to Congress. Thomas Jefferson was the author of “Thomas Jefferson on the Federalists, 1790”. His journal entry was clearly sparked by the issue of the Federalists promoting a monarchical government, but also a form of self-expression. Seemingly, Jefferson uses his personal writings not only to respond to ongoing problems in the newfound nation, but as a method to release his anger and frustration, much like any individual would in their private

Since his writing was kept private for some time, I believe that his journal entries were written for him to reflect upon. However, Jefferson knew at the time that his documents would be read by historians and other citizens someday. This document was eventually published in Jefferson 's Anas, or collection of letters, notes, and other documents, so people were able to use this specific entry to collect historical information. Jefferson had every intention on his collection of documents being used to inform the public that not everything written or said by Washington or the Federalists was the absolute