Hamilton
One of the biggest problems when facing a new government is the economic problems. Because of the revolution, the federal government had acquired a huge debt of $54 million, including interest, not to mention that the states owed another $25 million. The United States was in need of a new financial program to get them back on sound economic footing. Alexander Hamilton was assigned the task of coming up with a plan to some how resolve these huge debts. As Treasury Secretary, Hamilton designed a financial system that made the United States the best credit risk in the western world. Other countries were more then willing to let the United States borrow money. Hamilton proposed that the government assume the entire debt of the federal government and the states. Many people were very skeptical of this plan, but he went through with it. His plan was to retire the old depreciated obligations by borrowing new money at a lower interes
. . .
Some common words found in the essay are:
Thomas Jefferson, Finally Hamilton, Secretary Hamilton, National Bank, Alexander Hamilton, Hamilton United, , Maryland Hamilton's, Elastic Clause, James Madison, national bank, alexander hamilton, federal government, thomas jefferson, sound economic footing, repay debts, debts countries, economic footing, james madison, hamilton proposed, willingness repay debts, sound economic,
Approximate Word count = 628
Approximate Pages = 3 (250 words per page double spaced)
|
 |
