Alexander Hamilton's First Report on the Public Credit

E2169

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.

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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
First Bank of the United States
surface form: Report on a National Bank
genre political economy
historicalPeriod Early Republic of the United States
surface form: 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 Secretary of the Treasury
surface form: 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 Compromise of 1790
surface form: Assumption Act of 1790

Compromise of 1790
Funding Act of 1790

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Funding Act of 1790 basedOn Alexander Hamilton's First Report on the Public Credit
Early Republic of the United States hasPart Alexander Hamilton's First Report on the Public Credit
this entity surface form: Hamilton's financial program
Alexander Hamilton's Second Report on the Public Credit follows Alexander Hamilton's First Report on the Public Credit
Third Report on the Public Credit predecessor Alexander Hamilton's First Report on the Public Credit
this entity surface form: First Report on the Public Credit
Assumption Act implementation hasCause Alexander Hamilton's First Report on the Public Credit
this entity surface form: Alexander Hamilton’s First Report on the Public Credit
Assumption Act implementation basedOn Alexander Hamilton's First Report on the Public Credit
this entity surface form: First Report on the Public Credit