What type of economy did Hamilton believe in?


What type of economy did Hamilton believe in?

Hamilton’s economic plan hinged on the promotion of manufactures and commerce. While Hamilton distrusted popular will and believed that the federal government should wield considerable power in order steer a successful course, Jefferson placed his trust in the people as governors.

Why was Alexander Hamilton’s plan rejected?

Hamilton, like most of the delegates, disagreed with many aspects of the final draft. But the existing government was on the verge of chaos. But Anti-Federalists, who feared that the document gave too much power to the federal government, worked to convince the states to reject it.

What was controversial about Hamilton’s economic plan?

In his “Report on Public Credit,” Hamilton also made a controversial proposal to streamline debt repayment by assuming state debt into the federal debt, essentially making the federal government responsible for all debt repayment and giving it much more power.

What kind of government did Hamilton think the US should have?

Best type of government: ​Hamilton was a strong supporter of a powerful central or federal government. His belief was that a governmental power should be concentrated in the hands of those few men who had the talent and intelligence to govern properly for the good of all the people.

What do you think is Hamilton’s view of a president for the United States?

Hamilton believed that the new American government should be divided into three branches: the executive branch, the legislative congress, and the judiciary branch. The executive of the government would be the President of the United States, and would be elected by a system of electoral colleges to serve a life term.

Why did Hamilton’s economic policies provoke such controversy?

Why were Hamilton’s economic policies controversial? Hamilton’s plan to combine the large national debt with unpaid state debts produced a crisis in the First Congress. His plan was controversial because speculators had already bought up debt certificates cheaply, and Hamilton’s report touched off further speculation.

What was Alexander Hamilton’s political philosophy?

Although a proponent of a strong and energetic national government, Hamilton did not seek to abolish the states or even to make them dependent upon the nation. Instead, Hamilton believed that power had to be properly divided between the nation and the states so as to prevent future tyrannies.

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