Hamilton and the Economy

The young America needed a smart and eager Secretary of the Treasury, and that’s what it found in Alexander Hamilton under the George Washington administration. Hamilton knew that the country’s economy was in danger of going belly-up if there was not a drastic change and clear establishment of federal control of the direction of the budding economy. Alexander Hamilton’s economic plan obligated America to pay off its national debt, establish a national …

…only established good credit with other nations but also stimulated the economy. His encouragement of the American economy’s growth can be seen today by the still-existing national bank that controls inflation with the Federal Reserve System, and the taxes on imported goods. If it was not for Alexander Hamilton, the certainty of the nation’s credit and economic stability may still be in the terrible jeopardy that it was as America was growing up.