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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 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. | + | 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 political party in the new 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. |
| | ==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. |
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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 newspapers 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 newspapers 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]]. |
| | ==Secretary of the Treasury== | | ==Secretary of the Treasury== |
| − | Perhaps Hamilton's greatest contribution to the success of the United States occurred during his tenure as Washington’s Secretary of the Treasury from 1789 to 1795. Through a system of tariffs and excise taxes (some of which, as demonstrated by the [[Whiskey Rebellion]], caused a great deal of resentment), Hamilton placed the United States on sound financial footing. Hamilton also felt that a national debt was needed in order to insure that United States have political unity, and to give foriegn powers, who had invested in new nation, a interest in the United States' success. to United States. While Hamilton disliked taxes, he also realized that they were necessary. Hamilton not only favored close trade ties with [[Great Britain]], the world’s leading commercial power, but he believed that the United States should emulate their economic system. In his Report on Manufactures, Hamilton envisioned the United States as a nation that would rely on manufacturing and commerce in order to become a great power. This (among other things) put him at odds with [[Thomas Jefferson]], who envisioned the United States as an agrarian republic. | + | Perhaps Hamilton's greatest contribution to the success of the United States occurred during his tenure as Washington’s Secretary of the Treasury from 1789 to 1795. Through a system of tariffs and excise taxes (some of which, as demonstrated by the [[Whiskey Rebellion]], caused a great deal of resentment), Hamilton placed the United States on sound financial footing. Hamilton also felt that a national debt was needed in order to insure that United States have political unity, and to give foriegn powers, who had invested in new nation, a interest in the United States' success. While Hamilton disliked taxes, he also realized that they were necessary. Hamilton not only favored close trade ties with [[Great Britain]], the world’s leading commercial power, but he believed that the United States should emulate their economic system. In his Report on Manufactures, Hamilton envisioned the United States as a nation that would rely on manufacturing and commerce in order to become a great power. This (among other things) put him at odds with [[Thomas Jefferson]], who envisioned the United States as an agrarian republic. |
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| | ==Federalist Party== | | ==Federalist Party== |
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| | Jefferson repeatedly attacked Hamilton as an enemy of American values--and Jeffersonians have echoed the criticism over the centuries. Jefferson said he was an enemy of popular government, did not believe in republicanism, admired the British system too much, and even wanted to set up a monarchy. Since the 1980s scholars have rescued rescue Hamilton from these interpretations and stressed his republicanism, arguing that Jefferson went too far in his attacks. Historians now portray Hamilton as a moderate, mainstream republican. They point to the ''Federalist Papers'' as a core statement of American values, and also Washington's "Farewell Address." One debate in the 1790s was whether true republican citizens should have "confidence" in their elected leaders, which was Hamilton's position, or maintain a "vigilant" scrutiny of them, which was Jefferson's. Hamilton stressed confidence in his vision of republican citizenship and freedom of the press. Hamilton's philosophy, argues Martin (2005), is best understood as an energetic, elitist reformulation of republicanism | | Jefferson repeatedly attacked Hamilton as an enemy of American values--and Jeffersonians have echoed the criticism over the centuries. Jefferson said he was an enemy of popular government, did not believe in republicanism, admired the British system too much, and even wanted to set up a monarchy. Since the 1980s scholars have rescued rescue Hamilton from these interpretations and stressed his republicanism, arguing that Jefferson went too far in his attacks. Historians now portray Hamilton as a moderate, mainstream republican. They point to the ''Federalist Papers'' as a core statement of American values, and also Washington's "Farewell Address." One debate in the 1790s was whether true republican citizens should have "confidence" in their elected leaders, which was Hamilton's position, or maintain a "vigilant" scrutiny of them, which was Jefferson's. Hamilton stressed confidence in his vision of republican citizenship and freedom of the press. Hamilton's philosophy, argues Martin (2005), is best understood as an energetic, elitist reformulation of republicanism |
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| − | Hamilton's conception of human nature shaped his political thought. His predominantly and radically liberal conception of human nature was based on John Locke's concept of liberty, Thomas Hobbes's concept of power, and Nicolò Machiavelli's concept of the 'effectual truth.' It thus stressed the necessary relation between self-interest and republican government and entailed the repudiation of classical republican and Christian political ideals. But Hamilton's love of liberty was nonetheless rooted in a sense of classical nobility and Christian philanthropy that simultaneously elevated and contradicted his liberalism. The complex relation between liberty, nobility, philanthropy, and power in Hamilton's conception of human nature, in effect, defined his thought and exposed the strengths and weaknesses of his ideology. That complexity formed the spirit of his liberal [[republicanism]].<ref>Michael J. Rosano, "Liberty, Nobility, Philanthropy, and Power in Alexander Hamilton's Conception of Human Nature". ''American Journal of Political Science'' 2003 47(1): 61-74 </ref> | + | Hamilton's conception of human nature shaped his political thought. His predominantly and radically liberal conception of human nature was based on John Locke's concept of liberty, Thomas Hobbes's concept of power, and Nicolò Machiavelli's concept of the 'effectual truth.' It thus stressed the necessary relation between self-interest and republican government and entailed the repudiation of classical republican and Christian political ideals. Hamilton was an elitest believing that the rich and the educated should be the ones to goverment and he feared a goverment controlled by the masses. But Hamilton's love of liberty was nonetheless rooted in a sense of classical nobility and Christian philanthropy that simultaneously elevated and contradicted his liberalism. The complex relation between liberty, nobility, philanthropy, and power in Hamilton's conception of human nature, in effect, defined his thought and exposed the strengths and weaknesses of his ideology. That complexity formed the spirit of his liberal [[republicanism]].<ref>Michael J. Rosano, "Liberty, Nobility, Philanthropy, and Power in Alexander Hamilton's Conception of Human Nature". ''American Journal of Political Science'' 2003 47(1): 61-74 </ref> |
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| | ==Death== | | ==Death== |