History Discussion Research Paper Example | Topics and Well Written Essays - 500 words - 4

History Discussion - Research Paper ExampleIt also looks at how Alexander Hamiltons policies wanted to use the wealthy, manufacturers and the US National Bank to turn around the economy that was affected by a series of civil revolutions as vigorous as why his proposals were criticized. Finally, it discusses the impacts of his policies. Top of FormAlexander Hamilton was the first treasury secretary of the United States government headed by President Washington (Swanson, 43). When he was positive the treasury secretary, the United States government was facing hard scotch times following the American revolutions. The government was faced with huge debts, inflation and the majority of economic sectors seemed to be doing badly. It is then that President Washington tasked Alexander Hamilton with the duty of stabilizing the United States economy. Alexander Hamilton was to come up with fiscal policies that would revive the economy of the federal official government. He advocated for moder n capitalism to turn around the United States economy (Hansen, 166).In his first steps, towards reviving the economy, Hamilton proposed the chartering of the first United States National Bank. The banks mandate was assisting the government in coming up with monetary and financial solutions, serving as the main depository arm of the federal government as well as regulating state banks. He also recommended that the outstanding Confederation Debt be funded at face value. The paying of these outstanding state debts would check over stability and commitment of the government in restoring its economy. To finance the paying off debts, Hamilton proposed an issue of reinvigorated bonds to investors who would gain profits when the government was able to pat the new bonds (Swanson, 43).In his approach to financial and monetary policies, Hamilton targeted the wealthy individuals within the US. He wanted to align the business class, manufacturers, creditors and all the wealth with the federal