Posted by AlexR on March 14, 19102 at 15:24:43:

In Reply to: I need help... posted by Robert on March 13, 19102 at 15:28:38:

: Someone give me the full outline of Alexander Hamilton's financial plan.

I will list it in brief:

1. umption: The Federal Government umes all of the state debt from the War of Independence. This solidifies the responsibility of financing national defense in what Hamilton would consider the proper place -- federal rather than state government. See point 2 for yet another purpose of uming state war debt...

2. Full Repayment of the War Debt Plus Interest: Very few, even most of the European creditors, expected the U.S. Government to have the ability or the inclination to repay the war debts in full. Hamilton, however, saw the importance of solidifying the republic's credit. Unlike, Jefferson and Madison he anticipated the type of global commerce coming in the next centuries. In fact we owe equating US Govt debt with the "risk-free" rate to Hamilton. Hamilton applied the same principals to the umed state debt (See Point 1).

3. Establishment of the U.S. Bank: This semi-private bank was important part of Hamilton's financial plan. Hamilton was aware of Adam Smith's "invisible hand", meaning participants in commerce could create social good and economic good while acting in their own self interest. Hamilton tied the Federal Govt's stability and the interest of private individuals together in the First US Bank. Hamilton tied the interests of the commercial elite with the interests of the young republic with the bank.

4. Protective tariffs for fledling US industries: Hamilton wanted to develop US manufacturing for the purpose of making the republic self-sufficient and able to provide for its own defense. He advocated protection of these industries from European competitors.

I think developing these four points would be very crucial in outlining Hamiltonian policy as Secretary of the Treasury.

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• Re: I need help... kevin alan 12:49:29 1/08/104 (0)

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: : Someone give me the full outline of Alexander Hamilton's financial plan. : I will list it in brief: : 1. umption: The Federal Government umes all of the state debt from the War of Independence. This solidifies the responsibility of financing national defense in what Hamilton would consider the proper place -- federal rather than state government. See point 2 for yet another purpose of uming state war debt... : 2. Full Repayment of the War Debt Plus Interest: Very few, even most of the European creditors, expected the U.S. Government to have the ability or the inclination to repay the war debts in full. Hamilton, however, saw the importance of solidifying the republic's credit. Unlike, Jefferson and Madison he anticipated the type of global commerce coming in the next centuries. In fact we owe equating US Govt debt with the "risk-free" rate to Hamilton. Hamilton applied the same principals to the umed state debt (See Point 1). : 3. Establishment of the U.S. Bank: This semi-private bank was important part of Hamilton's financial plan. Hamilton was aware of Adam Smith's "invisible hand", meaning participants in commerce could create social good and economic good while acting in their own self interest. Hamilton tied the Federal Govt's stability and the interest of private individuals together in the First US Bank. Hamilton tied the interests of the commercial elite with the interests of the young republic with the bank. : 4. Protective tariffs for fledling US industries: Hamilton wanted to develop US manufacturing for the purpose of making the republic self-sufficient and able to provide for its own defense. He advocated protection of these industries from European competitors. : I think developing these four points would be very crucial in outlining Hamiltonian policy as Secretary of the Treasury.

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