On the Constitutionality of a National Bank (Annotated) - Hamilton, Alexander
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In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Establishment of the bank was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes. Hamilton believed that a national bank was necessary to stabilize and improve the nation's credit, and to improve financial order, clarity, and precedence of the United States government under the newly enacted Constitution. Alexander Hamilton (1755-1804) was a founding father of the United States,…mehr

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Produktbeschreibung
In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Establishment of the bank was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes. Hamilton believed that a national bank was necessary to stabilize and improve the nation's credit, and to improve financial order, clarity, and precedence of the United States government under the newly enacted Constitution. Alexander Hamilton (1755-1804) was a founding father of the United States, one of the most influential interpreters and promoters of the Constitution, the founder of the American financial system, and the founder of the Federalist Party. As the first Secretary of the Treasury, Hamilton was the primary author of the economic policies for George Washington's administration. Hamilton took the lead in the funding of the states' debts by the federal government, the establishment of a national bank, and forming friendly trade relations with Britain. Hamilton led the Federalist Party, created largely in support of his views; he was opposed by the Democratic Republican Party, led by Thomas Jefferson and James Madison, which despised Britain and feared that Hamilton's policies of a strong central government would weaken the American commitment to Republicanism.
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Autorenporträt
Alexander Hamilton (January 11, 1755 - July 12, 1804) was a preeminent founding father of the United States, political theorist, and statesman renowned for his extraordinary contributions to the nascent republic's legal and financial systems. His scholarly legacy encompasses a wealth of essays, reports, and correspondences that lay the bedrock for modern economic and constitutional theory. Amongst his most influential works is 'On the Constitutionality of a National Bank' which exemplifies his advocacy for a robust federal economic infrastructure. A leader in promoting the ratification of the U.S. Constitution, Hamilton's constitutional interpretation leaned towards a strong centralized government, contrasting the prevalent preferential leanings towards state sovereignty at the time. His role as the first Secretary of the Treasury under President George Washington's administration provided him with the platform to implement his visionary fiscal policies, which included the establishment of the First Bank of the United States in 1791. In this treatise, Hamilton deftly argues the implied powers of the Constitution, setting precedent for the doctrine of loose constructionism, significantly influencing subsequent legal interpretation. His writing stands as a testament to his literary acumen, blending persuasive rhetoric with meticulous legal analysis. Although his life was cut short in a notorious duel with Aaron Burr, Hamilton's intellectual legacy endures through his prolific contributions to American political thought.