Hamiltonian economic program
E2167
The Hamiltonian economic program was Alexander Hamilton’s comprehensive plan to strengthen the early United States’ financial system through federal assumption of state debts, creation of a national bank, and support for manufacturing and commerce.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal economic policy
→
economic program → fiscal policy program → |
| appliesTo |
national debt of the United States
→
state Revolutionary War debts → |
| appliesToJurisdiction |
federal government of the United States
→
|
| architect |
Alexander Hamilton
→
|
| country |
United States of America
→
|
| field |
economic policy
→
public finance → |
| goal |
bind the interests of wealthy Americans to the federal government
→
encourage manufacturing and industry → establish good credit with foreign nations → facilitate commerce → promote economic development → stabilize the national financial system → strengthen the credit of the United States → |
| hasEffect |
centralization of federal financial power
→
encouragement of early American industrialization → establishment of the First Bank of the United States → improvement of U.S. creditworthiness → political conflict over constitutional interpretation → |
| hasPart |
Report on Manufactures
→
Report on Public Credit → Report on a National Bank → assumption of state debts → creation of a national bank → excise taxes → funding of the national debt at par → support for commerce → support for manufacturing → tariff policy → |
| implementedBy |
First United States Congress
→
George Washington administration → |
| inception |
1790
→
|
| influencedBy |
British financial system
→
|
| location |
Philadelphia
→
|
| namedAfter |
Alexander Hamilton
→
|
| opposedBy |
Democratic-Republican Party
→
James Madison → Thomas Jefferson → |
| significantEvent |
chartering of the First Bank of the United States in 1791
→
submission of the First Report on Public Credit in 1790 → submission of the Report on Manufactures in 1791 → |
| supportedBy |
Federalist Party
→
|
| uses |
creation of a national bank to manage government finances
→
excise taxes to raise revenue → federal assumption of state debts → tariffs to raise revenue → |
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Alexander Hamilton's First Report on the Public Credit
→
Funding Act of 1790 → Report on Public Credit → Third Report on the Public Credit → |
partOf |
|
Compromise of 1790
→
|
facetOf |
|
establishment of the First Bank of the United States
→
|
relatedTo |