How did alexander Hamilton help stregnthen the new nation?

Answer 1

Hamilton established the first National Bank of the U.S. to assume state debts. Hamilton used his loose constructionist views to ensure that America had a strong national government. Most Republicans have his view, that the government which governs the least governs the greatest.

Answer 2

Alexander Hamilton wanted to pay the government's expenses. He was an economic conservative, with economic ideas similar to Washington's. To pay the expenses he asked Congress for a 5 percent tariff on imports. But the government also needed to establish a good credit rating with other nations. The new government was already about $56 million in debt. Hamilton proposed several steps:

1. Fund the entire Confederation-era debt at face value. This would show the good faith of the new government.

2. Assume the state's debts that had been contracted during and after the war. By paying back these loans, the government would again be showing its good credit.

3. The main pillar of Hamilton's fiscal plan was to establish a Bank of the United States. The BUS would have power over other banks, and basically control the economy of the US. Sort of like the FED operates today.

Hamilton lost out on the tariff increase as farmers feared it would cost them too much to purchase the manufactured goods they needed from Europe. He also lost out on a projectionist tariff, as the rates remained low.

Answer 3

Alexander Hamilton called for the Constitutional Convention on Sept. 14, 1786 to convene in May of 1787. He was the Father of the Federalist Papers that helped lead the way to state ratification of the U.S. Constitution. He created the U.S. economic and financial system that managed the huge war debt and turned a bankrupt nation into a thriving one within 3 to 4 years.

Answer 4

Alexander Hamilton, as an orator, was instrumental in getting the US Constitution approved. As the first Secretary of the Treasury, he set up monetary policy for the United States. Among the features of the Hamilton plan were the payment of federal war bonds, the assumption of state debts by the federal government, and the creation of a mechanism for collecting taxes.An interesting feature of the plan, was that the debt that the nation took on, including paying for the Revolutionary War, was to the country's benefit, saving it from financial ruin.

Answer 5

Hamilton did many things to help the US but his most major acheive was his Financial plan that is broken down into 3 parts. A national bank, national tarifs, and extra taxes on certain goods.

Answer 6

by paying of the debt