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| | * 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 |
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| − | 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]]. | + | 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 [[Republicans (Jeffersonian)|Republicans]], a party founded by his great adversary [[Thomas Jefferson]]. |
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| | 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]]. | | 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]]. |
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| − | 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]]. | + | 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]]. |
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| | ==Early life== | | ==Early life== |
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| | Hamilton became a leading lawyer in [[New York City]], and married into the rich and powerful Schuyler family. Along with his close friend [[John Jay]], he was active in anti-[[slavery]] movements. Hamilton was elected to the [[Continental Congress]], the [[New York]] State assembly, and was chosen by the legislature as a delegate to the [[Philadelphia]] [[Constitutional Convention]] in 1787, although he played a minor role in the Convention. | | Hamilton became a leading lawyer in [[New York City]], and married into the rich and powerful Schuyler family. Along with his close friend [[John Jay]], he was active in anti-[[slavery]] movements. Hamilton was elected to the [[Continental Congress]], the [[New York]] State assembly, and was chosen by the legislature as a delegate to the [[Philadelphia]] [[Constitutional Convention]] in 1787, although he played a minor role in the Convention. |
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| − | Hamilton authored 51 of the 85 ''[[Federalist Papers]],'' while [[James Madison]] and [[John Jay]] composed the others. These essays, published anonymously in [[newspaper]]s in New York and throughout the United States, helped turn popular opinion in favor of ratifying the Constitution, particularly in the decisive states of [[New York]] and [[Virginia]]. | + | Hamilton authored 51 of the 85 ''[[Federalist Papers]],'' while [[James Madison]] and [[John Jay]] composed the others. These essays, published anonymously in [[newspaper]]s in New York and throughout the United States, helped turn popular opinion in favor of ratifying the Constitution, particularly in the decisive states of [[New York]] and [[Virginia]]. |
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| | ==Secretary of the Treasury== | | ==Secretary of the Treasury== |