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Context
Few men have influenced the United States
more than Alexander Hamilton–without him, the United States as
it is today would simply not exist. Although he was born into poverty
in a remote Caribbean colony of Holland, Alexander Hamilton eventually
made his way to the American colonies, where he rapidly emerged
as one of the most influential of the nation's Founding Fathers.
Hamilton served his country in many ways: he fought in the American
Revolution against the British; led the efforts to
reform the inadequate Articles of Confederation; helped design the
American government as outlined in the Constitution; and even secured
its ratification by writing the Federalist Papers. Hamilton also
served as the country's first and most influential Secretary of
the Treasury under George Washington. What's more, Hamilton accomplished
all of these tasks over the course of just twenty years.
Hamilton's career in the Revolutionary War was distinguished. He
began his military career as the leader of a New York militia and quickly
advanced to become an artillery captain, then went on to serve
as an aide to General Washington. The "little lion", as Hamilton
was called, served in Washington's family of aides for four years,
during which he experienced both the hardship at Valley Forge,
and a number of triumphs on the battlefield. As a lieutenant- colonel,
the young Hamilton fought in several battles, including the battles
of Monmouth and Yorktown, and the leadership skills he acquired
during his service in the military proved to be invaluable in his
political career.
At the war's end, Hamilton realized that the government
outlined by the Articles of Confederation was weak and ineffective. The
national economy had collapsed, citizens were depressed, and many
of the various states quarreled so frequently that the Union was
in danger of disbanding. Hamilton therefore took the initiative and
invited leaders from every state to meet in Philadelphia to amend
the Articles. At the convention, Hamilton succeeded in convincing
the other delegates that the Articles should be replaced by a more
perfect union of states under the direction of a strong central government.
Many of his ideas are reflected in the Constitution, which the
Philadelphia delegation produced.
Even though Hamilton did not entirely agree with the form
of government outlined in the Constitution, which he believed would create
a government too weak to solve the nation's problems, he nevertheless
signed the document. Furthermore, Hamilton wrote a series of papers
known as the Federalist Papers to convince Americans that ratification
of the Constitution was vital to the survival of the United States.
Many historians credit the ratification of the Constitution to
the persuasiveness of the Federalist Papers, and these essays are
also considered to be among the best collections of American and
democratic political ideology.
With the ratification of the Constitution came the new
government, and President Washington chose Hamilton to be his Secretary of
the Treasury. At the time, the nation needed a strong economic policy,
as both debt and inflation were high, and people had no real money.
As Secretary of the Treasury, Hamilton solved these problems and
simultaneously shaped American economic policy for generations
to come. Hamilton created a national banking system to stabilize
and monitor the nation's finances, and created a strong currency
to replace the worthless currencies floating throughout the country.
More importantly, Hamilton established and improved the nation's
credit by assuming all the individual states' debts and promising
to pay not only the principle back to the country's creditors,
but the interest earned as well. Finally, Hamilton laid the foundation
that allowed manufacturers to produce goods in the United States
and make the country richer and more industrious. |
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