Friday, November 1, 2019
Alexander Hamilton Essay Example | Topics and Well Written Essays - 500 words
Alexander Hamilton - Essay Example Hamilton served as Secretary of Treasury during the Washington administration from September 1789 until January 1795. During his stint, hew was deemed to have significantly helped position the US under a sound economic regime. He presented a comprehensive financial program to the first Congress ("Columbia Electronic Encyclopedia"). To illustrate this point, his works such as the Report on Public Credit (1790) proposed to the federal government the redemption of confederation government securities and full payment of debt accumulated by the Continental Congress. As part of his financial program, this provision resolved and nationalized financial chaos inherited from the Revolution (Foner & Garraty). Apart from this, Hamilton also generated the Report on Manufactures (1791), wherein he impelled the federal government to encourage manufactures and proposed protective laws including the imposition of tariff on imported manufactured goods and series of excise tax both for the purpose of preserving of home market and generating revenue for the government to pay its debt (Burt).