Alexander Hamilton and the Secretary of the Treasury
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Questions and Answers

What was Alexander Hamilton's immediate objective when he developed his program as the first secretary of the treasury?

  • To establish credit at home and abroad and to strengthen the national government at the expense of the states (correct)
  • To prioritize funding for domestic projects over international affairs
  • To reduce the national debt and increase state autonomy
  • To create a system of taxation to benefit the states
  • What did Alexander Hamilton urge in his Reports on the Public Credit submitted in 1790-91?

  • Funding of the national debt at full value, assumption of state debts by the federal government, and a system of taxation to pay for the assumed debts (correct)
  • Privatization of state debts and reduction of federal taxation
  • Reduction of national debt through austerity measures and increased state autonomy
  • Complete forgiveness of all national debts and state debts incurred during the Revolution
  • What was one of Alexander Hamilton's motives behind urging payment by the central government of the states' debts?

  • To encourage foreign investors to take over domestically held bonds
  • To bankrupt influential individuals who held domestically held bonds
  • To decrease federal influence in state affairs
  • To bind men of wealth and influence, who had acquired most of the domestically held bonds, to the national government (correct)
  • What did Congress ask Alexander Hamilton to do when he was appointed as the first secretary of the treasury?

    <p>Draw up a plan for the adequate support of the public credit</p> Signup and view all the answers

    What did Hamilton envision himself as when he was appointed as the first secretary of the treasury?

    <p>Something of a prime minister in Washington's official family</p> Signup and view all the answers

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