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.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Hamiltonian economic program canonical | 7 |
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 |
United States government
ⓘ
surface form:
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 ⓘ First Bank of the United States ⓘ
surface form:
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 ⓘ
surface form:
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 |
Federalists
ⓘ
surface form:
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 (7)
Full triples — surface form annotated when it differs from this entity's canonical label.