Report on Public Credit
E2168
The Report on Public Credit was Alexander Hamilton’s influential 1790 proposal outlining a comprehensive plan to stabilize the young United States’ finances by funding the national debt and assuming state debts.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Report on Public Credit canonical | 3 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic policy proposal
ⓘ
government report ⓘ |
| aimedTo |
establish good creditworthiness for the United States
ⓘ
restore public credit ⓘ stabilize national finances ⓘ |
| author | Alexander Hamilton ⓘ |
| commissionedBy | United States Congress ⓘ |
| controversy |
benefits to speculators holding depreciated securities
ⓘ
debate over assumption of state debts ⓘ |
| country | United States of America ⓘ |
| datePresented | 1790-01-14 ⓘ |
| genre | financial report ⓘ |
| governmentBody | United States Department of the Treasury ⓘ |
| hasAuthorRole |
Alexander Hamilton
ⓘ
surface form:
Alexander Hamilton as Secretary of the Treasury
|
| historicalPeriod | Early Republic of the United States ⓘ |
| influenced |
development of the U.S. financial system
ⓘ
establishment of federal authority over state finances ⓘ |
| language | English ⓘ |
| longTermImpact |
encouragement of investment in federal securities
ⓘ
strengthening of federal government credit ⓘ |
| negotiationAssociatedWith | Compromise of 1790 ⓘ |
| officeHeldByAuthor |
Secretary of the Treasury
ⓘ
surface form:
United States Secretary of the Treasury
|
| opposedBy |
James Madison
ⓘ
Thomas Jefferson ⓘ |
| partOf | Hamiltonian economic program ⓘ |
| placeOfPresentation | New York City ⓘ |
| politicalContext | Washington administration ⓘ |
| presentedTo |
United States House of Representatives
ⓘ
surface form:
House of Representatives of the United States
United States Congress ⓘ |
| proposedBy | Alexander Hamilton ⓘ |
| proposedPolicy |
assumption of state debts by the federal government
ⓘ
consolidation of federal and state debts ⓘ creation of a permanent national debt ⓘ establishment of a system of customs duties and excise taxes to service the debt ⓘ funding of the national debt at par ⓘ payment of interest on federal securities ⓘ redemption of Revolutionary War debt ⓘ |
| publicationYear | 1790 ⓘ |
| relatedWork |
Report on Manufactures
ⓘ
Report on a National Bank ⓘ |
| resultedIn |
Funding Act of 1790
ⓘ
surface form:
Assumption Act of 1790
Funding Act of 1790 ⓘ |
| subject |
federal fiscal policy
ⓘ
public debt of the United States ⓘ state Revolutionary War debts ⓘ |
| supportedBy |
Federalists
ⓘ
surface form:
Federalist Party
|
| timePeriodCovered | post–American Revolutionary War debt situation ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.