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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 [[Republicans (Jeffersonian)|Republicans]], a 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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| | ==Constitutional Convention== | | ==Constitutional Convention== |
| − | Hamilton, alongside [[James Madison]] and [[James Wilson]], voiced strong opposition to [[state's rights]], [[decentralization]], and [[limited government]] at the Constitutional Convention and favored a radically [[nationalist]] approach to American government. Hamilton believed that the central principle of the [[Articles of Confederation]] was the idea of state sovereignty, but he argued that this indicated that the entire idea was completely wrong. Because state sovereignty, "the fundamental principle of the old Confederation," was wholly defective, Hamilton argued that America's only choice was to "eradicate and discard this principle before we can expect an efficient government."<ref>Alexander Hamilton, Elliot II, 234. The idea is also present in "The Federalist" no. 15. </ref> | + | Hamilton, alongside [[James Madison]] and [[James Wilson]], voiced strong opposition to [[state's rights]], [[decentralization]], and [[limited government]] at the Constitutional Convention and favored a radically [[nationalist]] approach to American government. Hamilton believed that the central principle of the [[Articles of Confederation]] was the idea of state sovereignty, but he argued that this indicated that the entire idea was completely wrong. Because state sovereignty, "the fundamental principle of the old Confederation," was wholly defective, Hamilton argued that America's only choice was to "eradicate and discard this principle before we can expect an efficient government."<ref>Alexander Hamilton, Elliot II, 234. The idea is also present in "The Federalist" no. 15.</ref> |
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| − | During the Convention, Hamilton argued for the most heavily centralized plan of government out of all of the attendees. He proposed making the chief executive an elected monarch who could not be removed from office unless he ceased to rule "in good behavior." The president under Hamilton's plan would have been given an absolute veto which could not be overturned by the legislature. The national government would have had the power to appoint all state [[governors]] and would wield absolute veto power over all state legislation. Hamilton's plan also gave a life-time tenure in office to senators and to the judiciary. With his plan considered as a whole, Hamilton "advocated virtually doing away with state sovereignty, noting that as long as there was power to be had in the states, people would aspire to acquire that power, to the detriment of the nation as a whole."<ref>https://www.usconstitution.net/consttop_ccon.html#hamilton</ref> Hamilton himself put it even more tersely, saying that "no amendment of the confederation can answer the purpose of a good government, so long as State sovereignties do, in any shape, exist."<ref>https://archive.org/stream/secretproceedin00convgoog/secretproceedin00convgoog_djvu.txt</ref> | + | During the convention, Hamilton argued for the most heavily centralized plan of government out of all of the attendees. He proposed making the chief executive an elected monarch who could not be removed from office unless he ceased to rule "in good behavior." The president under Hamilton's plan would have been given an absolute veto which could not be overturned by the legislature. The national government would have had the power to appoint all state [[governors]] and would wield absolute veto power over all state legislation. Hamilton's plan also gave a life-time tenure in office to senators and to the judiciary. With his plan considered as a whole, Hamilton "advocated virtually doing away with state sovereignty, noting that as long as there was power to be had in the states, people would aspire to acquire that power, to the detriment of the nation as a whole."<ref>https://www.usconstitution.net/consttop_ccon.html#hamilton</ref> Hamilton himself put it even more tersely, saying that "no amendment of the confederation can answer the purpose of a good government, so long as State sovereignties do, in any shape, exist."<ref>https://archive.org/stream/secretproceedin00convgoog/secretproceedin00convgoog_djvu.txt</ref> |
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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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| | Hamilton, along with [[Benjamin Franklin]], is one of only two non-presidents to be portrayed on American money. Hamilton's portrait is on the $10 bill, while Franklin is on the $100 bill. | | Hamilton, along with [[Benjamin Franklin]], is one of only two non-presidents to be portrayed on American money. Hamilton's portrait is on the $10 bill, while Franklin is on the $100 bill. |
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| − | Originally the United States Treasury planned to replace Hamilton with a female on the $10 bill (since Hamilton was not a sitting President); however, the plan was shelved due to the popularity of [[Hamilton (musical)|the Hamilton musical]]. | + | Originally the United States Treasury planned to replace Hamilton with a female on the $10 bill (since Hamilton was not a sitting president); however, the plan was shelved due to the popularity of [[Hamilton (musical)|the Hamilton musical]]. |
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| | ==Quotes== | | ==Quotes== |
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| | ===Political philosophy=== | | ===Political philosophy=== |
| − | * Chan, Michael D. "Alexander Hamilton on Slavery." ''Review of Politics'' 66 (Spring 2004): 207-31. [http://www.jstor.org/stable/1408953 in JSTOR] | + | * Chan, Michael D. "Alexander Hamilton on Slavery." ''Review of Politics'' 66 (Spring 2004): 207–31. [http://www.jstor.org/stable/1408953 in JSTOR] |
| − | * Fatovic, Clement. "Constitutionalism and Presidential Prerogative: Jeffersonian and Hamiltonian Perspectives." ''American Journal of Political Science'' 2004 48(3): 429-444. [http://www.jstor.org/stable/1519908 in JSTOR] | + | * Fatovic, Clement. "Constitutionalism and Presidential Prerogative: Jeffersonian and Hamiltonian Perspectives." ''American Journal of Political Science'' 2004 48(3): 429–444. [http://www.jstor.org/stable/1519908 in JSTOR] |
| | * Horton, James Oliver. "Alexander Hamilton: Slavery and Race in a Revolutionary Generation" ''New-York Journal of American History'' 2004 65(3): 16–24. [http://66.102.7.104/search?q=cache:88cftz6zXJYJ:www.alexanderhamiltonexhibition.org/about/Horton%2520-%2520Hamiltsvery_Race.pdf+james+horton+%22alexander+hamilton%22+slavery&hl=en&gl=us&ct=clnk&cd=1 online version] | | * Horton, James Oliver. "Alexander Hamilton: Slavery and Race in a Revolutionary Generation" ''New-York Journal of American History'' 2004 65(3): 16–24. [http://66.102.7.104/search?q=cache:88cftz6zXJYJ:www.alexanderhamiltonexhibition.org/about/Horton%2520-%2520Hamiltsvery_Race.pdf+james+horton+%22alexander+hamilton%22+slavery&hl=en&gl=us&ct=clnk&cd=1 online version] |
| | * Mason, Alpheus Thomas. "The Federalist—A Split Personality," ''American Historical Review'' 57 (1952): 625-43 [http://links.jstor.org/sici?sici=0002-8762(195204)57%3A3%3C625%3ATFSP%3E2.0.CO%3B2-Z online at JSTOR] | | * Mason, Alpheus Thomas. "The Federalist—A Split Personality," ''American Historical Review'' 57 (1952): 625-43 [http://links.jstor.org/sici?sici=0002-8762(195204)57%3A3%3C625%3ATFSP%3E2.0.CO%3B2-Z online at JSTOR] |
| − | * Martin, Robert W. T. "Reforming Republicanism: Alexander Hamilton's Theory of Republican Citizenship and Press Liberty." ''Journal of the Early Republic'' 2005 25(1): 21-46. Issn: 0275-1275 [http://muse.jhu.edu/journals/journal_of_the_early_republic/v025/25.1martin.html in Project Muse] | + | * Martin, Robert W. T. "Reforming Republicanism: Alexander Hamilton's Theory of Republican Citizenship and Press Liberty." ''Journal of the Early Republic'' 2005 25(1): 21–46. Issn: 0275-1275 [http://muse.jhu.edu/journals/journal_of_the_early_republic/v025/25.1martin.html in Project Muse] |
| | * Rossiter, Clinton. ''Alexander Hamilton and the Constitution'' (1964) | | * Rossiter, Clinton. ''Alexander Hamilton and the Constitution'' (1964) |
| | * Sheehan, Colleen. "Madison V. Hamilton: The Battle Over Republicanism And The Role Of Public Opinion" ''American Political Science Review'' 2004 98(3): 405–424. [http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=245205 online abstract] | | * Sheehan, Colleen. "Madison V. Hamilton: The Battle Over Republicanism And The Role Of Public Opinion" ''American Political Science Review'' 2004 98(3): 405–424. [http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=245205 online abstract] |
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| | ===Finance=== | | ===Finance=== |
| − | * Edling, Max M. "'So Immense a Power in the Affairs of War': Alexander Hamilton and the Restoration of Public Credit." ''William and Mary Quarterly'' 2007 64(2): 287-326. in [[History Cooperative]] | + | * Edling, Max M. "'So Immense a Power in the Affairs of War': Alexander Hamilton and the Restoration of Public Credit." ''William and Mary Quarterly'' 2007 64(2): 287–326. in [[History Cooperative]] |
| | * Flaumenhaft, Harvey. ''The Effective Republic: Administration and Constitution in the Thought of Alexander Hamilton'' Duke University Press, 1992 [http://www.questia.com/PM.qst?a=o&d=37077611 online edition] | | * Flaumenhaft, Harvey. ''The Effective Republic: Administration and Constitution in the Thought of Alexander Hamilton'' Duke University Press, 1992 [http://www.questia.com/PM.qst?a=o&d=37077611 online edition] |
| | * McDonald, Forrest. ''The Presidency of George Washington'' (1974). | | * McDonald, Forrest. ''The Presidency of George Washington'' (1974). |