Essay Database

Alexander Hamilton is considering by many to be the father of U.S. banking and financial system. Hamilton believed that what the United States needed was order and stability. Hamilton was tasked with establishing a financial system for the new government and dealing with domestic and foreign monetary policy, specifically repayment of the Revolutionary War debt and trade relations among the states and with European countries. In my opinion Hamilton's plan was better for our …

…the Constitution. It had many economic advantages namely within the framework of enacting laws necessary for collecting taxes, regulating trade and providing for the national defense. Hamilton wanted a powerful nation resting on a balanced economy of agriculture, trade, finance, and manufactoring. He favored a strong central government with wealthy and educated people behind, a national banking system with a uniform currency, and preservation of ties to England's industrial strength to develop manufacturing in America.