|
|
Article: Hamilton's Economic Policies
- Article from:
- Dictionary of American History
- Author:
CopyrightCOPYRIGHT 2003 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HAMILTON'S ECONOMIC POLICIES
HAMILTON'S ECONOMIC POLICIES.
In 1789, Congress created the Department of the Treasury, including the cabinet post of secretary of the Treasury, and required the secretary to report directly to Congress. President George Washington appointed Alexander Hamilton as the first secretary of the Treasury.
During 1790 and 1791, Hamilton embarked on an ambitious plan of economic nationalism. He intended the plan to solve the economic problems that had plagued the United States since the American Revolution and to provide the means to defend the new republic. Beginning in January 1790 with the "Report on the Public Credit," he advanced his plan in a series of ...