Hamilton’s Vision Intended for the New Government of...

In 1787, the United States of America Constitution was ratified by two-thirds of the states. The Constitution created a new government in the United States of America that was constructed around the idea of separation of power by the three branches of government with a system of checks and balances. These branches include the executive branch, the bicameral legislative branch and judicial branch. In order to ensure that no branch were to overpower the other two branches, the forefathers of the United States of America created a system of checks and balances. In the new government of the United States of America, the president had a Cabinet with a Secretary of State, Secretary of the Treasury, Secretary of War, Attorney General and†¦show more content†¦By and large, however, Alexander Hamilton’s vision for the new government of the United States of America was in the country’s best interest. Alexander Hamilton’s goal was to create a stable economy. He was concerned with the public credit of the United States of America. It was found that United States of America had debts amounting to $54 million from the Revolutionary War, $10 million of which was owed to wartime ally France and Dutch bankers. He proposed an economic plan that would solidify the economic structure of the country. Hamilton believed that the public debt assumption of all the states would be â€Å"the powerful cement of our Union† if his bond proposal that would improve the national public credit was be accepted. A bond is certificate issued by a government or company promising to pay back borrowed money at a fixed rate of interest on a specified date. He stated that all war bonds from the Revolutionary War must be paid in full at face value to those holding the bond agreements. He felt that if the repayment of war bonds was not taken solemnly or if only a fraction of the face value was paid, the government would lose the confidence and loyalty of the people. He felt it was imperative that the people confidence in the new system of government. To raise money to pay off the debts, Hamilton proposed the option of newShow MoreRelatedThe Faulty Nature of the United States Electoral College1286 Words   |  5 PagesII, Section 1 of the Constitution, the Electoral College is a system utilized in The United States of America to select the President and Vice President. This process was established by the Founding Fathers in 1787, when the Constitution was written. The original purpose of the electoral system was to ensure that those who select the leaders of this nation were the most knowledgeable and informed people that America had to offer. The electors - the elected officials that make up the Electoral CollegeRead MoreThe First Political Parties Essay2263 Words   |  10 Pagesthe need for political parties.1 However, following his presidency the public was divided with opposing opinions, each arguing the best methods to regulate the country. Ultimately, the emergence of different opinions regarding the future of the United States involving the economy, foreign relations, ‘the masses,’ and the interpretation of the Constitution, led to the two political parties of the 1790s and the critical election of 1800. Regarding the Constitution, the Federalists and Anti-federalistsRead MoreThe Revolution of 1800 Essay1683 Words   |  7 PagesJefferson to claim the presidency. However, the election of 1800 was more than just a simple presidential election. The election of 1800 was the first peaceful transfer of power from the incumbent party to the opposition and represented a new step in politics, as well as a new direction in foreign policy that would emerge from Jefferson’s policies, and to this extent, the election of 1800 was a revolution. For several reasons, Jefferson’s emergence as victor in the election of 1800 was revolutionary, politicallyRead More The American Banking System from 1800-1810 Essay example3639 Words   |  15 Pagesthough there were roughly 120 private commercial banks that had been chartered by new state governments, the so-called system was scarcely organized. It was ad hoc in nature and directly linked to the merchant banking practices of the pre-independence period. The years preceding the turn of the century were important because they brought a central banking authority onto the scene. In 1789 the new federal government established a position for the Secretary of the Treasury. As we know, the first toRead MoreAmerican Visions of Foreign Policy, 1750-19132300 Words   |  9 PagesAmerican Visions of Foreign Policy 1750-1913 Introduction The United States has been, from its inception, a country that was interested in expansion and of growing its influence abroad. The original administration, that of George Washington, contained a member of the cabinet who is said to be the progenitor of American foreign policy, Alexander Hamilton. Throughout the years others Jefferson, Quincy Adams, Polk, Teddy Roosevelt have led the country based on a vision for expansion and diplomacyRead MoreFeds vs Anti-Feds3174 Words   |  13 PagesHamilton Vs. Jefferson December 29, 2006 by Ando hamjeff.jpg I had intended to post Part II of the WWI question last night, but got caught up doing movie reviews on Life of Ando. So to slake your ravenous historical thirst in the meantime, here is my assignment from my history class this past week. If you’re really into American history and how the politics of the early Republic shook out, Jefferson vs. Hamilton is a great study. It’s also a little, I guess comforting, to know that as bad asRead MoreHow Does The Constitution Allow For Enduring Debate?1890 Words   |  8 PagesHow does The Constitution allow for enduring debate? In what ways are the early visions of Hamilton and Jefferson reflect in contemporary politics? Sofia Stepanoff Honors History 6 15 December 2014 The ratification of Articles of Confederation was approved, The Constitution was created. The founding fathers decided to create the constitution because the Articles of Confederation limited the central government too much. The Constitution was built to change. The way the constitution was builtRead MoreBoyer Dbq Teacher Guide10764 Words   |  44 PagesUsing the DBQ Practice Questions from The Enduring Vision, Sixth Edition A Teachers’ Guide Ray Soderholm Minnetonka High School Minnetonka, Minnesota Using the DBQ Practice Questions from The Enduring Vision, 6th Edition A Teachers’ Guide This guide is intended to suggest some possible ways that students may organize essays related to the document-based questions in the Advanced Placement version of The Enduring Vision, 6th Edition, and to provide teachers with some information on each includedRead MoreResources Capabilities20336 Words   |  82 Pages THE TOOLS OF STRATEGY ANALYSIS Step 2 Appraising Resources and Capabilities Step 3 Developing Strategy Implications l Developing Resources and Capabilities The Relationship between Resources and Capabilities Replicating Capabilities Developing New Capabilities Approaches to Capability Development l Summary l Self-Study Questions l Appendix: Knowledge Management and the Knowledge-based View of the Firm l Notes Introduction and Objectives In Chapter 1, I noted that the focus of strategy