Alexander Hamilton

No. Alexander Hamilton's mother, Rachel Faucett Lavien, was half-French; his father, James A. Hamilton, was a Scotsman and minor member of the Scottish gentry. Hamilton was born out of wedlock on the Isle of Nevis in the West Indies.

creation of a national bank

Alexander Hamilton drafted his First Report on the Public Credit to outline a plan for eliminating the national debt. He did this at the request of Congress in order to pay of the debt and establish national credit.

First of all Thomas Jefferson and Alexander Hamilton had two very different views on many things. Thomas Jefferson was a republican, the majority of republicans and republican supporters weren't that wealthy. Alexander Hamilton was a federalist and believed wealthy educated people should lead the count. So naturally they would be divided on almost everything. No surprise here but Thomas Jefferson thought the National bank was unconstitutional. Hamilton thought the bank would benefit the country and it was a part of his financial plan. For more information go to http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=6

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Alexander Hamilton was Goerge Washingtons right hand man. He had beef with Thomas Jefferson and Aaron Burr. He believed that the U.S. should stay out of the war between France and Great Britain, which angered the French, being that without them we as Americans would have never won the American Revolution. He believed in a strong centralized government and he relied on economics and his knowledge with numbers to succeed in life.

Some might describe Alexander Hamilton as a ladies' man; others would say he was a common womanizer. Hamilton had numerous affairs but wasn't always cautious about whom he chose as a partner. Once, a married woman and her husband extorted quite a bit of money from Hamilton by threatening him with physical harm and by exposing his affairs to his wife.

Alexander Hamilton

Together with President John Adams, he led the Federalists.

Both of the people favored a mixed economy.

The were at least 4 Financial System/Economic Plans submitted to Congress between January of 1790 and early 1794. The first was in establishing credit. Another on establishing a bank. Also Manufacturing initiatives to augment our agricultural society. The creation of the U.S. Mint and the coinage of money was another plan submitted. Three were approved, the Manufacturing was ahead of its time and essentially shelved for 30 to 40 years and then blazed the trail with ideas.

The purpose of having the Government assume the debts of the States was to show the citizens and the world, that the US Government was going to be economically sound and because the states had fought for every state's independence from Britain, not just their individual state. Southern States opposed the plan because by the time of Washington's inauguration, the Southern States had already paid off their debts.

Yes, the incumbent U.S. Vice President Aaron Burr shot former U.S. Treasury Secretary Alexander Hamilton in a duel in Weehawken, New Jersey on July 11, 1804. Secretary Hamilton died the following day.

They disagreed over the establishment of the national bank because Jefferson distrusted the government, while Hamilton did not. Jefferson's sympathies were with the debtors and farmers. He supported a broad distribution of wealth and disliked industrialism and organized finance. He believed in the perfectability of man and that the people using representatives knew best how to govern themselves. Basically, Jefferson believed that the less power the federal government had, the better. Hamilton supported a strong and active central government, which would encourage industry, commerce and finance. His sympathies were with creditors and buisness oriented people. He distrusted the people's ability to govern themselves and supported a powerful executive with an elite following. Basically, Hamilton believed in a strong and active government, which acted to benefit certain interests.

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.

He believed only a choosen few would benefit.

Alexander Hamilton had many plans, be more specific in asking questions please.

The Constitution gives Congress power to do useful things. This does not constitute a dangerous interpretation of the Constitution. Powers not specifically given in the Constitution can be implied.

he thought that wealth and well educated people should lead the nation.

Hamilton saw devastating consequences to supporting France. In November of 1792, after he had learned that the King had been deposed, Hamilton suspended payments on the debt to France on the grounds that, if the monarchy were restored, any payments made to the interim regime would likely not be credited as such.

Yes. Alexander the great had one son. But since Alexander was married to a Persian women and the macedonians (which was where he is from) didnt aprove the killed his son after he died from malaria.

He was Arrogent yet well-respected. Very ambitious and humble.

Alexander Hamilton's plan for a national bank was politically significant because the bank made the money in the country standardized. There was one place producing and controlling the money which kept inflation controlled.

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