What did Alexander Hamilton do with the debt of the states?
It is called "funding at par." That meant that Hamilton, as part of his financial program, would pay the owners of the US Bonds, the face value of the bonds they owned. Many investors had purchased these bonds at way below face value because the original owners had felt they would never receive any money from the government. Hamilton argued that even though some "speculators" would reap hug profits, it would present the US government to the world and to its citizens, as a government that would honor its financial obligations.
What are the differences between hamilton and Jefferson?
Jefferson's Party - the Democratic-Republicans
** were headed by Thomas Jefferson and James Madison
** were in favor of a weak central government
** believed power should be centered in the legislative branch
** opposed most of Alexander Hamilton's economic policies (assumption, national bank)
** were in favor of the farmer as opposed to the merchant (particularly Jefferson)
** strict constructionists
** would have 3 presidents of their party - Madison, Jefferson, and Monroe
Hamilton's Party - the Federalists
** were headed by Alexander Hamilton (primarily)
** were in favor of a strong central government
** believed power should be centered in the executive branch
** favored most of Alexander Hamilton's economic policies (how they got started)
** were in favor of the merchant as opposed to the farmer (particularly Hamilton)
** were loose constructionist
** would have 1 president of their party - Adams
It should be noted that a lot of the party's beliefs came from their leaders, Jefferson and Hamilton. Not all Republicans believed everything on the above list, same as the Federalists.
What was Alexander Hamilton's chief contribution to the new republic?
Alexander Hamilton helped bring in Washington to preside over the convention and give it the credibility that it didn't have. Hamilton also wrote about 55 (more or less) of the Federalist Papers which helped motivate people to ratify the constitution, and also battled nearly impossible odds to get New York to be part of the union to stablize the rest of the country. 423
What did Alexander Hamilton do that was important?
Hamilton served in the Continental Army as an aide to General Washington. After the war, he was appointed to Washington's cabinet as Secretary of the Treasury. He advocated the federal assumption of the state debts, pushing for a stronger federal government. Hamilton set the foundation for the financial system in this country.
Washington then appointed Hamilton to run the Army. He was instrumental in modifying and standardizing the military. Hamilton stayed active in politics especially the Federalist party. It is likely he would have gone on to greater things, perhaps even President, had he not been shot by the traitor Aaron Burr.
The Hamilton's
Financial Plan stabilized the country as well as strengthen the industry. the united states was in dept and Alex Hamilton issued new securities bonds.
Improved answer:
What he said plus it was about tariffs and the hated failure excise taxes
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the US was in debt after the Rev. war, so Hamilton offered the ppl security bonds to be paid back by the government in a few years. it worked.
What primary issues did Thomas Jefferson and Alexander Hamilton disagree?
tariffs on imported goods
the role of states' rights
powers of the federal government provided in the Constitution
What year was Alexander Hamilton president?
Alexander Hamilton was never a president. So that means the year he was president was 0 years.
What did Alexander Hamilton not do as secretary of the Treasury?
Alexander Hamilton did not purchase territory from Spain.
What was Alexander Hamiton view on the creation of national bank?
on the b ottom on the right then on your head,that is where he is located! :D
Why was Thomas Jefferson's beliefs better than Alexander Hamilton's?
alexander hamilton wanted a government only governed by few elite men while jefferson wanted it to be ruled by more so there was no corruption in the government. Alexander saw people as selfish while jefferson wasa a believer in the "common man"
What did Alexander hamilton believe was one of the benefits of his plan regarding the national debt?
After a long fight in Congress, Hamilton managed to reorganize Federal and State debts and managed to raise Government income by curtailing the widespread smuggling and the institution of taxes, the tax on whiskey becoming a major source of revenue.
Did Alexander Hamilton say you want a strong government?
No, Hamilton supported a loose interpretation of the Constitution.
He believed in a very limited Government. You can get many of his views and writings from Gutenberg press. The vast majority of our founding fathers wanted a very weak central Government. They viewed the Federal Government as a needed evil.
Why did the southern farmers oppose Hamilton's plans for the economy?
They were afraid of a strong central government with economic powers controlled by the rich. He made a deal with them. He was responsible for creating the First Bank of the United States modeled on the Bank of England. Jefferson and Madison collaborated against Hamilton's Federalist Party in the 1790's.
What were hamiltons qualifications of his state?
Alexander Hamilton had a number of qualifications for the states he wanted to be part of the United States of America. He believed that the states should have strong governments that could protect both their citizens and their rights. He also believed that the states should have a strong economic base, so that they could remain a viable member of the union. Hamilton's qualifications for the states were as follows:
Hamilton's qualifications for the states were a reflection of his vision for a successful union of states. His qualifications have been a major influence on the United States since its founding, and have been used as a model for forming unions in other countries around the world.
How many friends did Alexander Hamilton have?
Alexander Hamilton had a relatively small close circle of friends. Some of his notable friends included John Laurens, Marquis de Lafayette, and George Washington. While he had many acquaintances and colleagues throughout his political career, he was known to have a few intimate and trusted friends.
What was Alexander Hamiltons religion?
I believe that Alexander Stephens was a practicing Roman Catholic ... I am researching the question myself, and came across this website from a Google search. Will check back in if and when I am able to determine for sure. Deo Vindice :)
The "United" States had just received its independence via the Treaty of Paris signing on September 3, 1783 with follow-up ratifications through mid-1784. The states were in debt. The nation was in debt to the states because of needs for the war. The nation was in debt to other nations for millions of dollars of borrowed loans. The military didn't get paid...the officers didn't get paid. States were laying tariffs for goods coming in from other states. States were beginning to explore relationships on their own with other countries for commerce advantages, etc. In summary, it was a mess and definitely we were a group of states, not a united States.
When Hamilton became Secretary of the Treasury, he knew that the wealthy would find ways to build further wealth. He came up with an economic program...for many decades called the Hamilton Economic System...that gave incentives to the wealthy to help the united States develop respect with other nations by assuming all the states and national debt. It gave the wealthy increased confidence in getting paid on existing loans and gave them a decent return on their investment.
As a result, the wealthy now were interested in the national government succeeding. This worked so well from 1790 to 1793 that the U.S. bonds were trading at the highest premium above par of all nations bonds. Hamilton created the full faith and credit of the United States out of a dismal situation.
Many of the leaders of the day fought Hamilton on his ideas and maligned them every day. Some of those comments still are used to characterize Alexander Hamilton although he was America's genius that UNITED the States and created the economic system that led us to superpower status decade by decade from then.
What compare Hamilton and Jefferson and what they believe?
Jefferson was actually an Economic ignoramus compared to anyone. Compared to Hamilton he wasn't even worth consideration.