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Friday, February 1, 2019

diz ish onli fer yOo babe... :: essays research papers

Alexander Hamilton was a man of vision as well as frugal genius. While he was Americas Secretary of Treasury, he wrote three major reports to Congress. These included Report Relative to a Provision for the Support of humankind Credit, The Reports on Public Credit II, and The Report on Manufacturers. His views expressed in these three reports laid the foundation upon which the economic success of modern-day daylight America was built. Although many of his policies have since been tweaked modified or re-named, the fundamental thinkers he expressed have been consistent throughout. The amazing staying power of Alexander Hamiltons economic policies and the success that they have produced atomic number 18 clearly evident in todays modern economy. One of the well-nigh profound things about the visionary economic policies of Hamilton is that they not only solved the immediate problems facing the United States, only if they besides accounted for many of the challenges that the Unit ed States would be forced to contend with in the aloof future.           When George Washington first appointed Alexander Hamilton Secretary of Treasury, the most pressure level issue was the payment of the debt acquired while financing the Revolution. He tackled this issue in his first report to Congress entitled the Report Relative to a Provision for the Support of Public Credit. ?It is agreed on all hands, that wear out of the debt that has been contracted abroad, and is denominated the foreign debt, ought to be provided for, according to the precise terms of the contracts relating to it. The discussions, which wad arise, therefore, will have reference essentially to the domestic burst of it, or that there is not the same unanimity of sentiment on this part, as on the other.     The Secretary has too much deference for the opinions of every part of the community, not to have observed one, which has, more than once, made its appearance in the public prints.... It involves this question, whether discrimination ought not to be made between superior holders of public securities, and the present possessors, by purchase. Those who advocate a discrimination are for making full provision for the securities of the former, at their nominal value but contend, that the latter ought to receive no more than the cost to them, and the interest And the idea is sometimes suggested of making good the difference to the primitive possessor....     The Secretary, after the most mature reflection on the force of this argument, is induced reject the precept it contains.

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