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.
All labels observed (4)
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.
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
this entity surface form:
Alexander Hamilton’s First Report on the Public Credit
this entity surface form:
First Report on the Public Credit