- ›› Coverage People : Alexander Hamilton
Treasury Secretary Alexander Hamilton’s vision for the economic foundation of the United States included the federal assumption of state debts, the creation of a Bank of the United States, and support for the new nation’s emerging industries. After the first two parts of his plan had been accepted, he presented the third part to Congress in his Report on the Subject of Manufactures in December 1791.
By October 1780, in the midst of the American Revolution, Alexander Hamilton was discouraged by the apparent apathy of the American people and the ineffectuality of their elected representatives, as well as by the recent discovery of Benedict Arnold’s treachery.
Within hours of the duel between Alexander Hamilton and Aaron Burr, Angelica Schuyler Church, Elizabeth Hamilton’s sister and Hamilton’s close friend and correspondent, was at the fatally wounded Hamilton’s bedside and wrote this letter to her brother Philip Schuyler to break the news.
This unique copy of the US Constitution was printed in Albany, New York, in 1788, to support the state’s ratification convention.
The presidential election of 1800 provided Alexander Hamilton, former secretary of the treasury, with a dilemma: a tie between Thomas Jefferson, a man whose principles were in direct opposition to Hamilton's own, and Aaron Burr, a man Hamilton believed to have no principles at all.
On July 11, 1804, Vice President Aaron Burr shot former Secretary of the Treasury Alexander Hamilton in a duel in Weehawken, New Jersey. Nine days later he wrote this cryptic letter (partially in cipher) to his son-in-law, Joseph Alston.
When Alexander Hamilton called for a Bank of the United States in his Report on a National Bank, he envisioned a central bank that would sustain a developing national economy. The bank would, through the creation of bank “notes,” replace some of the gold and silver money in circulation. This would allow for the growth in business activity without the need to rely solely on exports to increase money supply. Additionally, Hamilton argued that the bank would strengthen the national government by lending money to...