Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Alexander Hamilton And The National Debt - Term Papers

Alexander Hamilton And The National Debt



Alexander Hamilton may seem to some as a man who had only one thing on his mind and that was to help America in its greatest time of need. This opinion should be well respected. Hamilton took on a big problem, the national debt. Hamilton had a plan of his own to work this debt out, his very own financial program. This plan consisted of a great multitude of things that would, in his opinion, help out the national debt. First he wanted to fund the national debt and assume state debts. Secondly, he wanted to create a national bank. Then, he tried to propose a protective tariff. Finally, Hamilton proposed an excise tax on distilled liquors. Hamilton's purpose was to get rid off ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

Congress did not pass this bill. This did not stop Hamilton. He came up with another plan to raise money, an excise tax on distilled liquors. Congress adopted this proposal, but probably wished they had not. The proposal was very unpopular, so unpopular that it caused a rebellion. Out of all these strategies the one that had an impact on the development of political parties was the creation of the national bank.
The creation of the national bank unraveled the issue of Constitutionality. Some people followed the literal interpretation known as strict construction(also believed in by Jefferson), while others followed Hamilton's loose construction look on the Constitution. This was one of the reasons for an imaginary border line. Other reasons eventually stirred up. Whether it was through the Gazette of the United States or the National Gazette, a split was occurring and eventually it did. It was a split mainly between Hamilton and Jefferson.
Hamilton's main focus was ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Alexander Hamilton And The National Debt. (2007, July 15). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Alexander-Hamilton-And-The-National-Debt/68064
"Alexander Hamilton And The National Debt." Essayworld.com. Essayworld.com, 15 Jul. 2007. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Alexander-Hamilton-And-The-National-Debt/68064>
"Alexander Hamilton And The National Debt." Essayworld.com. July 15, 2007. Accessed December 23, 2024. http://www.essayworld.com/essays/Alexander-Hamilton-And-The-National-Debt/68064.
"Alexander Hamilton And The National Debt." Essayworld.com. July 15, 2007. Accessed December 23, 2024. http://www.essayworld.com/essays/Alexander-Hamilton-And-The-National-Debt/68064.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 7/15/2007 09:42:07 PM
Category: American History
Type: Premium Paper
Words: 408
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
» Cutting The National Debt
» Thomas Jefferson And Alexander ...
» Hamilton And Jefferson Debates
» Comparison Of The American Revo...
» The Life Of Alexander Hamilton
» Alexander Hamilton
» Alexander Hamilton
» Hamilton Vs. Jefferson
» Foreign and Domestic Policies U...
» Federalist Party
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved