Alexander Hamilton

Alexander Hamilton was a very important Founding Father and was the first secretary of the treasury. After endorsing Thomas Jefferson for president, Aaron but killed him in a duel. In 2015 a hip-hop musical about him, written by Lin Manuel Miranda opened off Broadway. The musical is now holding the title as the most Tony nominations and has and has impacted the world of music and theatre.

Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.

Hamilton was the Treasury Secretary under President George Washington during the 1790s. During this period, the United States government owed over 50 million dollars in debt, plus the combined states owed another 25 million dollars. Money that had been issued just a few years past was now worthless and foreign countries did not want to provide loans. Hamilton's duty was to fix this issue. Hamilton's first step was to consolidate the entire United States debt, both the federal and state amounts, under the federal government. Many states that had paid off their debts were upset by this, as it meant they would have to pay higher taxes to the federal government to help pay off the debt. These states came on board with the plan when Hamilton promised to make the nation's capital on the Potomac River. Hamilton's second step was even more controversial, as it was the creation of a national bank that could make loans to the government, collect taxes and hold government funds. Thomas Jefferson and James Madison were both vehemently against this proposal, mainly because the Constitution did not give Congress the power to create a bank. Hamilton put forth the idea of implied powers, which meant that Congress had the power to create a bank since it was necessary, which the Constitution gave them the right to do. The bank was created for a term of 20 years, with the first year starting in 1791. Hamilton's final step was to promote American goods and industries. Congress began to levy higher tariffs against foreign companies, especially British companies as they were the main foreigners with businesses in America. Hamilton also provided government subsidies to American manufacturers, and had the government finance transportation improvements to help move goods across the country. Hamilton's plan was the norm for the nation until the early 1800s, when Jefferson's plan that focuses on small producers began to take control.

Alexander Hamilton and his wife Elizabeth had eight children, including two named Phillip. The elder Philip, Hamilton's first child (born January 22, 1782), was killed in 1801 in a duel with George I. Eacker, whom he had publicly insulted in a Manhattan theater. The second Philip, Hamilton's last child, was born on June 2, 1802, right after the first Philip was killed. Their other children were Angelica, born September 25, 1784; Alexander, born May 16, 1796; James Alexander (April 14, 1788 - September 1878);[87] John Church, born August 22, 1792; William Stephen, born August 4, 1797; and Eliza, born November 26, 1799.

Alexander Hamilton played a key role in building the American government by serving on Washington's staff for the revolutionary war from 1777-1781. He was the first Secretary of Treasury and did much to put the federal government on a firm fiscal basis.

Are you talking about Alexander Hamilton, the man on the 10 dollar bill? He didn't want to govern anyone.

^^

That's not what this person was asking. He wanted the rich to be in charge of the government.

He was a "founding father" and the first Secretary of the Treasury. He worked to have a national banking system.

Hamilton was never President, though. He and Benjamin Franklin are the only two people pictured on current American paper money who never served as President.

Alexander Hamilton went to King's College (renamed Columbia)

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.

Hamilton saw the judicial branch as a mere interpreter of laws with no real power over policy. However, the power to interpret or in some cases reinterpret laws has proved to be rather influential. It has made major differences in US policy in past cases.

For more information, see Related Questions, below.

Yes, because he always wanted a good government and he voted for the strong cities, like New York.

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.

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.

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

Alexander Hamilton was the first Secratary of State

Yes, he did.

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.

tariffs on imported goods

the role of states' rights

powers of the federal government provided in the Constitution

Alexander Hamilton was never a president. So that means the year he was president was 0 years.

The Wealthy :)

Alexander Hamilton did not purchase territory from Spain.

on the b ottom on the right then on your head,that is where he is located! :D