HST 210 Lecture Notes - Lecture 49: Kentucky And Virginia Resolutions, Implied Powers, Potomac River
Document Summary
Alexander hamilton born dirt poor, rose to become washington"s secretary of treasury, he proposed many financial policies and single handedly financed the united states. He owed allegiance to no state, only to the entire nation so he advocated for national unity. His fiscal plan included creating a national bank, having the government assume and pay all state debt, imposing tariffs protecting domestic manufacturers, and a tax on whiskey. The only one that is not passed is the imposing tariffs, and it was considered a win for jefferson, who was against all of hamilton"s plans. He eventually gets shot by burr in a duel and dies. A report submitted by hamilton at the request of congress, this report analyzed the financial standing of the united states of america and made recommendations to reorganize the national debt and to establish the public credit.
