The Hamiltonian Program Info, revised 5/25/98
Related historical time line created with Time liner (Nobles grad, Tom Snyder)
Alexander Hamilton was chosen to be Secretary of the Treasury by George Washington. One of Hamilton's jobs as Secretary of the Treasury was to sort out the fiscal problems of the Confederation. He wrote his recommendations as three reports which was known as the Hamiltonian Program. His first major report was written in January of 1790. This report was the Public Credit program. It proposed to redeem at face value the millions of dollars of securities issued by the Confederation government. The second item on his agenda was The Bank of the United States. This was a federal bank that would be owned by public investors and the national government. The law that would enable the government to form a national bank was passed in December of 1790. A year later in December of 1791 the Report on Manufactures was passed. This report provided the first comprehensive survey of American manufacturing and, more importantly, presented a coherent rationale for an American mercantilist system. The Hamiltonian program was an important success for the foundation of the United Sates government despite the opposition of Thomas Jefferson.
--Michaela Suliman, student at Noble and Greenough School, class of 2000
--history teacher: Michael Denning
--sources: The Civil War Wall Chart
Graphics of The Hamiltonian Program and Others of That Era
related web sites for Alexander Hamilton
- An Alexander Hamilton Link
- Another Alexander Hamilton Link
- Yet Another Alexander Link
