SkipCaptcha
12,693
edits
Changes
Jump to navigation
Jump to search
mLine 14:
Line 14: + − As the nation's first [[United States Secretary of the Treasury|Secretary of the Treasury]], Hamilton's far reaching vision put the United States on an stable financial basis and promoted national unity. His Treasury took over state debts as well as debts owed by the national government, and funded them with long-term national debt, which in turn was paid by a new tariff on imports and a tax on whiskey. He set up the Bank of the United States, a central bank to make liquidity in financial markets possible. The nation's business and financial communities for the first time became united in a single economy, and provided critical support for Hamilton. To mobilize that grass-roots support he founded the [[Federalist Party]], which operated in every state. It was the first popular political party in the world, but soon had competition from the [[Democratic-Republican Party]] founded by his great adversary [[Thomas Jefferson]]. In foreign affairs he was a strong supporter of Britain, and the well-balanced British political system. Working closely with Washington, Hamilton in 1795 secured the critical [[Jay Treaty]] over the intense opposition of Jeffersonians who favored France in its war with Britain. Despite an embarrassing sex scandal, Hamilton tried to keep control of the Federalist Party while [[John Adams]] was president, and orchestrated the creation of a powerful national army in 1798, which he and Washington were to head. Adams' achievement of peace with France frustrated Hamilton's plans, so he sabotaged Adams' reelection in 1800. Nevertheless he helped Jefferson become president when it appeared the scoundrel [[Aaron Burr]] might take the office. He was killed by Burr in a duel, and for most of the 19th century was a target of attacks by Democrats as undemocratic and even pro-monarchy. By the [[Progressive Era]] after 1900, however, Hamilton's nationalism, financial wizardry, and promotion of business and banking increasingly appealed to conservatives, who made Hamilton into a hero of their own. Hamilton was one of the great expositors of the American political creed of [[Republicanism]], and set up programs that proved a strong, effective government of the people could be made operational without an aristocracy or monarch.
Added hyperlinks
* the election of [[Thomas Jefferson]] as president rather than [[Aaron Burr]] in 1801
* the election of [[Thomas Jefferson]] as president rather than [[Aaron Burr]] in 1801
As the nation's first [[United States Secretary of the Treasury|Secretary of the Treasury]], Hamilton's far reaching vision put the United States on an stable financial basis and promoted national unity. His Treasury took over [[state debt]]s as well as [[debts]] owed by the [[Federal government|national government]], and funded them with long-term [[national debt]], which in turn was paid by a new [[tariff]] on imports and a tax on whiskey. He set up the Bank of the United States, a [[central bank]] to make [[liquidity]] in financial markets possible. The nation's business and financial communities for the first time became united in a single [[economy]], and provided critical support for Hamilton. To mobilize that grass-roots support he founded the [[Federalist Party]], which operated in every state. It was the first popular [[political party]] in the world, but soon had competition from the [[Democratic-Republican Party]] founded by his great adversary [[Thomas Jefferson]]. In foreign affairs he was a strong supporter of [[Britain]], and the well-balanced British political system. Working closely with [[George Washington]], Hamilton in 1795 secured the critical [[Jay Treaty]] over the intense opposition of Jeffersonians who favored [[France]] in its war with Britain. Despite an embarrassing sex scandal, Hamilton tried to keep control of the Federalist Party while [[John Adams]] was President, and orchestrated the creation of a powerful national army in 1798, which he and Washington were to head. Adams' achievement of peace with France frustrated Hamilton's plans, so he sabotaged Adams' reelection in 1800. Nevertheless he helped Jefferson become President when it appeared the scoundrel [[Aaron Burr]] might take the office. He was killed by Burr in a duel, and for most of the 19th century was a target of attacks by [[Democrats]] as undemocratic and even pro-[[monarchy]]. By the [[Progressive Era]] after 1900, however, Hamilton's [[patriotism|nationalism]], financial wizardry, and promotion of business and [[banking]] increasingly appealed to [[conservative]]s, who made Hamilton into a hero of their own. Hamilton was one of the great expositors of the American political creed of [[Republicanism]], and set up programs that proved a strong, effective government of the people could be made operational without an [[aristocracy]] or [[monarch]].
==Early life==
==Early life==
Hamilton was born out of wedlock in the [[British West Indies]]. A prodigy, he was handling merchant accounts as a teenager, and his essay on a hurricane attracted patrons who paid his way to the American colonies. Some scholars have argued that Hamilton’s origins can be reflected in his later life, where, unlike much of the Revolutionary generation, his views were more nationalistic, rather than tied to the interests of a particular region or state.
Hamilton was born out of wedlock in the [[British West Indies]]. A prodigy, he was handling merchant accounts as a teenager, and his essay on a hurricane attracted patrons who paid his way to the American colonies. Some scholars have argued that Hamilton’s origins can be reflected in his later life, where, unlike much of the Revolutionary generation, his views were more nationalistic, rather than tied to the interests of a particular region or state.