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Alexander hamilton's contribution
Alexander hamilton impact on the united states
Alexander Hamilton contribution to America
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Alexander Hamilton was born on the island of Nevis of the British West Indies January eleventh in 1757. He lived with his brother and a single mother. In 1772, Hamilton moved to the United states. He entered the Continental Army in 1776 as the captain of artillery while in New York where he also studied law at King’s College. He was married to Elizabeth Schuyler in 1780. Elizabeth was from a wealthy land holding family, this helped Alexander hold ties to rich and powerful leaders in New York. Alexander Hamilton died in 1804 on July 12. Aaron Burr was the man who killed him in a duel because Mr. Hamilton help Thomas Jefferson win the election for becoming the 3rd president of the United States.
Hamilton was President Washington’s Secretary of the Treasury in the Cabinet in 1789-1795. The first task that Hamilton took care of for President Washington, was the problem of public credit. Since the government had taken on so much debt during the Revolution they deeded a plan to pay it all off. When proposing this idea the vow to pay them back was not taken very seriously. Toward the end of the 1780s, the state IOU's, or money borrowed to finance the Revolution, were seen as nearly valueless. Hamilton then issued a bold proposal that the federal government should pay off all the state’s debts at face value. To raise money for this, Hamilton offered to issue new securities bonds. The people who bought these would pay a huge profit.
Alexander was also requested to create a national currency system. He proposed to the Bank of the United States that a central bank would help the new nation's economic change through a more secure paper currency. By the end, with support from the president, the bank was leased with its first command post in P...
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...tes would never be seen as a stable and reliable nation. To pay off the debts Hamilton designed to raise taxes throughout the country. And when the capital moved from Philadelphia to New York City, Hamilton offered to convince Congress and the President to move the capitol south to an appointed area near Virginia now known as District of Columbia.
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biography/hamilton/section7.rhtml>.
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
Alexander Hamilton was born on Nevis in the British West Indies. He was born on January 11 1755 or 1757. Rachel Fawcett and James Hamilton were his parents. His father left him and his mother when he was only ten. He had to get a job at 11 to support his family. When he was twelve his mom got sick and died. Alexander then moved in with his cousin, but sadly the cousin committed suicide. After the cousins death,
Everyone has heard the name Alexander Hamilton, but few are familiar with his views and actions regarding the survival of the young American republic. He could be recognized for anything from serving our fledgling country by fighting in the New York militia; to serving his community as a lawyer and as a national tax agent; to beginning his political career as a representative for New York at the National Congress. Though most would agree his most important contribution to our struggling republic was to spearhead the project which formed the doctrine helping to establish the foundation in which modern democracy is based, the Articles of Confederation.
During the American Revolutionary War, all of the states had incurred a lot of debt from other foreign nations. So Hamilton decided that America must pay back this debt so that they could maintain peace and regulate commerce with European countries. The southern states had paid off their debt but the northern states were still in debt. So he composed a compromise - The south would not protest the Federal government paying off any northern states that still had debt, in the condition that the south chose where the national capital would be built. This compromise worked as the entire United States debt was paid off and the capital was constructed in the District of Columbia (DC) within a few years. In the construction of the capital, Maryland and Virginia donated land for the capital. The importance of this plan was that they had no debt, so this would bring power and respect to the United States from the European countries by keeping peace with everybody and allowing for continued trade. Because who would trade with a country that has debt with
Other politicians were opposed to this, such as Thomas Jefferson and James Madison. Their opposition to the plan went away as assumptions became associated with other less controversial plans of Hamilton’s. Madison even turned in defense of the plan after being convinced of Hamilton’s financial vision (Bowers 61). Hamilton made a compromise, turning out in his favor when he allowed Madison and Jefferson to have a capital on the Potomac River. This allowed him to pass his plan more easily while giving up something of little importance to him or the country’s wellbeing (Bowers 65).
Alexander Hamilton was born a bastard child in the West Indies and demonstrated great intellectual potential at an early age. He was sent to New York City for schooling and studied at King’s College, now Columbia University. His vision of America took a more capitalistic tone and “he was determined to transform an economically weak and fractious cluster of states into a powerful global force” (Tindall & Shi, 2010). Hamilton advocated a strong central government. He was bold and persuasive and his philosophies quite extraordinary for his time.
Alexander Hamilton was born as an illegitimate child on the Island of Nevis on January 11, 1757. Alexander Hamilton was educated at what is now Columbia University. Hamilton served as a soldier and Washington’s personal secretary during the Revolutionary War. After the Revolutionary War, he studied law in New York and served in the Continental Congress from 1782-1783(Onager CD-ROM). In 1787 Hamilton...
One such issue was that of the National debt and creating a National Bank. In 1790, Alexander Hamilton proposed that Congress should establish a national bank, in which private investors could buy stock, could print paper money, and keep government finances safe. Washington signed the bill establishing a national bank and started a strong foundation for a thriving economy and a stable currency.
After the first War for Independence, The United States was approximately $52 million in debt. Due to having such bad financial problems, the United States created a national Bank to create one unified currency, to take away all state debts, and to issue loans to the people to promote growth. This National Bank was created by Alexander Hamilton who was a Federalist, and once Jefferson came to be the President, he continued the idea of the national bank because it was helping to reduce the national debt. The primary reason for the National Bank being a representation of a Federalist idea was because since it was issuing loans to people it was able to promote industrial growth which was one of the main goals of the Federalist party. From Jefferson continuing the use of the National Bank thru his presidency he demonstrates his need to continue a loose constructionist idea.
“[T]he man on the ten-dollar bill is the father of the American treasury system, a signer of the Constitution, one of the primary authors of the Federalist Papers, and the loser of the infamous duel with Vice President Aaron Burr. Alexander Hamilton's earlier career as a Continental Army officer is less well known. Yet Hamilton's first experience in public service is important, not only because it was the springboard to his later career, but because it also deeply influenced his values and thinking” (Hamilton).
Alexander Hamilton was a founding father of the United States of America. He fought alongside George Washington in the American Revolution as lieutenant colonel, plighting to secure the freedoms of many colonists. He was also equally proficient in writing and debate. Hamilton wrote The Federalist Papers alsongside John Jay and James Madison and served on the Continental Congress, being among those who signed the Constitution. Due to many of his accomplishments, Hamilton’s death affected the United States in various ways some of which included economics, foreign affairs, politics, and conspiracy.
Alexander was the founding father of the united states. He had a tough childhood since he was a orphan and his town was hit by a hurricane. But that didn't stop him, rathered help him pursue his education. Hamilton had an extraordinary career consisting of him being apart of the Revolutionary war;fighting for American independence. George Washington was his right hand man appointing hamilton to secretary of the treasury because of his political skills. His life also had it's down moments he was married to Elizabeth Schuyler but cheated with Angelica. Alexander faced many ups and downs in his life from meeting a political partner George Washington to having trouble with relationships with women, but all helped him progress to success.
Alexander Hamilton played many important roles in creating the new republic and one was that he was the Founding Father that helped ensure the ratification of the United States Constitution and established America’s new financial system. He was the first secretary of the treasury, among other things such as being a lawyer, member of the Continental Congress, and an author for the Federalist Papers. Hamilton’s career in helping to build the newly improved nation started when he helped lead alongside George Washington during the Revolutionary War. Hamilton is significant today because he is known as the politician that helped shape the U.S. economic system and a new way of governing the nation.
Because of his outstanding leadership, and amazing arguments, he has greatly shaped the way our country runs today. Despite the fact that Hamilton’s policies and actions provoked intense opposition between Thomas Jefferson and James Madison, he still made a profound difference. He was well known for becoming the first U.S. Secretary of the Treasury, Co-author of The Federalist Papers, and the First New York delegate invited to the Constitutional Conventions. He is now also famous for being an Economist, and Political Philosopher. He greatly influenced the creation of the National Bank and served as a presidential advisor for many many years. He later on was a part of the court case Croswell , which involved a case of libel, and his argument in the case greatly influences how we try libel cases (truth and intent protect you) today. You can now visit Hamilton’s statue on the south side of the Treasury Building in Washington, D.C. and also find an extensive collection of Hamilton's personal documents that is found in the Burke Library which was referred to as the “Hamilton Hall”. As you can see Hamilton never ceased to serve and fight for his country, and that is why he is remembered today as a very important Founding
Have you ever wonder the portrait on US ten dollar’s bill? What’s the significant of it? It is the portrait of a great person Alexander Hamilton; the first secretary of treasury. He was born in January 11, 1755 and illegitimate son of a Scottish merchant in the West Indies. At the age of 11 he had his first job at the tender. In 1773, he moved to New York to study yet, he was more involved in politics than academics. Furthermore, when the American Revolutionary War began in 1775 he joined military. After the War America has faced national debt issues. Later, at the age of thirty-two Hamilton was elected as a representative to the Congress of the Confederation under President Washington. Washington also put him on domestic and foreign policy. Hamilton was not happy with the Articles of Confederation and the weak central government. As a result, he wanted to strengthen the power of the national Government. On January 14, 1790 Hamilton made a report on the public credit and sent it to Congress. On his report, he proposed three things. First, he wanted to redeem the old debt by issuing new bonds. Then his plan was to undertake the state revolutionary debt. Hamilton's final proposal was that he wanted to fix the debt problem by adding state debt and to establish the nation’s credits. Hence, he created a national bank to land and to borrow and store money. In a