Alexander Hamilton

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American History


Written by:

Robert N


Date added:

June 6, 2014








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2 / 374


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4333 times


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Paper money issued under the Articles of Confederation was nearly worthless. The person chosen to help resolve these problems was Treasury Secretary Alexander Hamilton. The problem facing Hamilton was the huge national debt. He proposed that the government assume the entire debt of the federal government and the states...
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He wanted to use new tax revenues such as excise tax and new tariffs to help pay for the cost of the debt. Although his plans were put into effect, they may not have been the most beneficial or even necessary actions. In fact, the country soon became one in constant national financial trouble. For Hamilton, money was not a concern, as was the situation with most of his supporters...
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