How did the economic program of Alexander Hamilton help revitalize the American Economy?

One of the pressing problems facing George Washington and his new administration was the sparing and financial strains of the States. The state government had accumulated a gigantic debt and with continued interest, was growing at astronomical rates. To the unify States, the woo of Britains victory in the Seven Years War was immense and was the root word of Americas financial and efficient down fall. How was America going to reverse its economical and financial situation? An economical program brought one-quarter by black lovage Hamilton was the cause for optimism. Hamiltons economic program was to take apart Americas economical and financial constraints and enable America to grow into a prosperous and powerful nation. According to Alexander Hamiltons economical program, America needed to install a system of public credit, establish a national bank and help aid the nations industries. If these tether steps were undertaken by George Washingtons administration, it would lead to a revitalized American economy and vault America into a leading economical and financial power.

When George Washington took office and became the first president of the United States in 1789, Americas financial and economical sectors were in disarray. As the drawing card of American forces during the Revolution, his choice as president was unanimous. During Washingtons administration, it was the cabinet non the congress that dictated policy.



The congress at the metre was small, because contained few if any powers. The US government at this time contained four cabinets with the head of each cabinet meeting on a regular basis with George Washington. The four cabinets in the Washington administration included, The segment of State, The Department of War, The Attorney Generals office and The Department of Treasury. Thomas Jefferson, and important gens in the cabinet headed the Department of State while Alexander Hamilton headed the Department of the Treasury. The Department of the Treasury...

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