The United States acquired $77 million dollars in debt from the Revolutionary War. In order to pay for it, Alexander Hamilton, as Secretary of Treasury wanted to rely on excise taxes and tariffs to pay it off so there was no need for an income tax.
Alexander Hamilton believed that a major role of the federal government was to support and encourage trading with other countries.
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
create a national bank
The Federalist party grew out of Hamilton's view of a strong federal government.
Yes, Alexander Hamilton was a Federalist. This meant that he was in favor of a strong federal government. Under the Articles of Confederation, the Federal Government had little power over the states, something that was a big problem. Hamilton favored a new document to govern the country, and therefore supported the ratification of the Constitution. Under the Constitution, the Federal government would have the power to issue money, and regulate trade and taxes.
Alexander Hamilton believed that a major role of the federal government was to support and encourage trading with other countries.
Alexander Hamilton believed that a major role of the federal government was to support and encourage trading with other countries.
he believed in a strong federal government
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
create a national bank
The Federalist party grew out of Hamilton's view of a strong federal government.
A nation bank. The Federal Reserve Bank was a result.
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Alexander Hamilton
John Marshall
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john marshall