History Extended Essay

Alexander Hamiltons Influence on the united States Economy Extended analyse in History Word Count: 3,070 Introduction In 1789, Alexander Hamilton became the linked States first secretary of the Treasury. During his time as Secretary of the Treasury, he had to figure out how to make the United States economy function. The decisions he made certainly had an affect on future United States economic policies, several of the policies he implemented are tranquil used today in one form or a nonher. However, variations of Hamiltons policies were already being used in other countries, or could be used for different purposes, so it is unclear how ofttimes influence Hamilton had in some cases. The Federalist Papers he wrote as well as his reports written while he was Secretary of the Treasury detail his policies. While Alexander Hamilton was the Secretary of the Treasury, he implemented many sunrise(prenominal) ideas. He pushed for the creation of a central banking system, as well as the creation of a mint to produce a unified currency. Although the bank and lasted twenty years, several similar banks followed in its place. The mint has been operational since its creation.

He introduced the infant industry argument, and created tariffs to ensure that the new industries in the United States would be able to compete against foreign markets. Hamilton in like manner used the tariffs to pay off the large federal debt, in conjuncture with the scrape tax he had implemented on whiskey. however though the United States still has a mint, central banking, tariffs, and excise taxes, and the national debt was paid off at that time, the credit does non necessarily go to Hamilton. They were certainly not revolutionary ideas at the time, but it took Hamiltons innovation to make them work in the new government. The reason for these policies when they were implemented again after Hamilton must be carefully examined in order to discover whether or not they are based on the same principles. Then, it will be... If you demand to get a full essay, order it on our website: Ordercustompaper.com

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