Alexander Hamilton: America's Financial Genius
             In advocating custom durites [tariffs] and an excise tax, Hamilton primarily intended to raise revenue for the treasury. Yet in each of these measures, he had a hidden agenda. Describe these other goals of Hamilton.
             In America's infancy, Alexander Hamilton had a profound effect on the American economy through his position as George Washington's Secretary of the Treasury. In his Reports on the Public Credit, Hamilton proposed that the federal government fund all national and state debts at par, thereby giving America good credit with other countries. He later proposed the creation of a national bank, which helped steady the economy by controlling inflation. Hamilton also encouraged governmental influence on industry through his Report on Manufactures ("Report on Manufactures"). His efforts in initiating a national bank, debt assumption, and a protective tariff helped establish a stable economy through which the newly created United States could grow and prosper. Every thoughts and goals of Alexander Hamilton were very well planned and has deep meanings to help the infant nation to grow stronger every movement or action he takes.
             When Hamilton was appointed Secretary of the Treasury in September of 1789, the nation owed more than $50 million to foreign countries for loans to finance the war, and the American citizens, for bonds issued during the war. The American economy was at a crucial point in its existence and needed a solution to its financial problems. He sent his first part of his plan for the nation's economic success, the Report on the Public Credit, to Congress in January of 1790. It proposed that the nation's debts be funded at par, meaning completely paid. The debt was categorized into types: the national debt, the states' debt, and the domestic debt. Congress agreed that the debts to foreign countries had to be paid off in order to establish good ...