Rarely does a single person stand out as much when solving a problem as Alexander Hamilton did after being appointed Secretary of Treasury on the late 1700s. Our country had a great deal of problems with national debt after the Revolutionary War, Hamilton created one of the best financial foundations ideas for our economy, that could bring us to a great economic power at the nation's early stages of development. His economic ideas were centered around the philosophy of "Hamiltonianism", which he stated, "Give all power to many and they will oppress the few. Give all power to the few and they will oppress the many. Both therefore ought to have power, that each may defend itself against the other." He understood that when one group has too much power they can become dangerous, so he wanted to spread it out. His initial plans to get the country to such high standards were to redeem the old national debt, and then he would have a plan to nationalize the states' debt with issued......
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Approximate Word Count: 596
Approximate Pages: 3 (260 words per double-spaced page) |