5 Questions
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
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
What was one of Alexander Hamilton's motives behind urging payment by the central government of the states' debts?
To bind men of wealth and influence, who had acquired most of the domestically held bonds, to the national government
What did Congress ask Alexander Hamilton to do when he was appointed as the first secretary of the treasury?
Draw up a plan for the adequate support of the public credit
What did Hamilton envision himself as when he was appointed as the first secretary of the treasury?
Something of a prime minister in Washington's official family
Test your knowledge on Alexander Hamilton's role as the first secretary of the treasury and his influential financial program that aimed to strengthen the union. Explore his contributions to establishing domestic and international credit during the early years of the United States.
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