Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What was Alexander Hamilton's immediate objective when he developed his program as the first secretary of the treasury?
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?
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?
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?
What did Congress ask Alexander Hamilton to do when he was appointed as the first secretary of the treasury?
Signup and view all the answers
What did Hamilton envision himself as when he was appointed as the first secretary of the treasury?
What did Hamilton envision himself as when he was appointed as the first secretary of the treasury?
Signup and view all the answers
