Alexander Hamilton's First Report on the Public Credit
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Alexander Hamilton's First Report on the Public Credit was a foundational 1790 Treasury document that outlined a comprehensive plan to stabilize the young United States’ finances by assuming and funding federal and state Revolutionary War debts.
Aliases (3)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Treasury report
→
economic policy document → government report → |
| aim |
encouragement of investment in government securities
→
integration of economic interests with the federal government → restoration of public credit → stabilization of United States finances → strengthening of the federal government → |
| author |
Alexander Hamilton
→
|
| country |
United States of America
→
|
| date |
1790
→
|
| documentType |
policy proposal
→
|
| followedBy |
Alexander Hamilton's Second Report on the Public Credit
→
Report on Manufactures → Report on a National Bank → |
| genre |
political economy
→
|
| historicalPeriod |
Early national period of the United States
→
|
| impact |
enhanced U.S. credit in foreign markets
→
established U.S. credit in domestic markets → |
| influenced |
creation of a market for U.S. government securities
→
development of the American financial system → rise of the Federalist Party → |
| language |
English
→
|
| legalBasis |
Article I of the United States Constitution
→
|
| legislativeBody |
United States House of Representatives
→
United States Senate → |
| location |
Philadelphia
→
|
| mainSubject |
Revolutionary War debt
→
United States creditworthiness → federal assumption of state debts → funding at par → national debt → public finance → state debts → |
| opposedBy |
James Madison
→
Thomas Jefferson → |
| partOf |
Hamiltonian economic program
→
|
| politicalContext |
early Federalist vs. Republican conflict
→
|
| positionHeldByAuthor |
United States Secretary of the Treasury
→
|
| presentedTo |
United States Congress
→
|
| proposedPolicy |
assumption of state debts by the federal government
→
creation of a permanent national debt → establishment of a sinking fund → funding of federal debt at face value → |
| publisher |
United States Department of the Treasury
→
|
| relatedTo |
Assumption Act of 1790
→
Compromise of 1790 → Funding Act of 1790 → |
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Assumption Act implementation
("First Report on the Public Credit")
→
Funding Act of 1790 → |
basedOn |
|
Alexander Hamilton's Second Report on the Public Credit
→
|
follows |
|
Assumption Act implementation
("Alexander Hamilton’s First Report on the Public Credit")
→
|
hasCause |
|
Early Republic of the United States
("Hamilton's financial program")
→
|
hasPart |
|
Third Report on the Public Credit
("First Report on the Public Credit")
→
|
predecessor |