At the time that Hamilton became the Secretary of the Treasury, the nation was over fifty million dollars in debt, largely due to the costs of war and the foreign debts to accompany them. Hamilton's anticipation of global commerce in the decades and centuries to come fostered the creation of the Report on Public

The Secretary wanted more responsibility for the country's money. Namely, Hamilton wanted to control inflation, which Andrew Jackson had made a seriously problem by misuse of the previous national bank. Many were against the idea of a national bank, expressed by the argument from Thomas Jefferson and James Madison that America did not have the power to do such a thing nor was the establishment of a bank prioritized or even mentioned in the Constitution. Uneager to agree with Mr. Hamilton at first, Congress did not invest in his idea until he argued with the "necessary and proper" clause, making use of the Constitution's loose construction to argue that the bank was needed at the time. Congress decided to bank on the future as well, and gave the "Bank of the United States" a twenty-year charter. Long-term investments like this were imp

Some common words found in the essay are:
Report Manufactures, Credit Hamilton's, War Hamilton, Alexander Hamilton, Secretary Treasury, Alexander Hamilton's, George Washington, Hamilton Congress, Bank United, Andrew Jackson, national bank, alexander hamilton, federal government, tariff rates, nation's credit, hamilton's idea, secretary treasury,
Approximate Word count = 568
Approximate Pages = 2 (250 words per page double spaced)