Hamilton’s Vision Intended For The New Government Of United States Of America

1217 words - 5 pages

In 1787, the United States of America Constitution was ratified by two-thirds of the states. The Constitution created a new government in the United States of America that was constructed around the idea of separation of power by the three branches of government with a system of checks and balances. These branches include the executive branch, the bicameral legislative branch and judicial branch. In order to ensure that no branch were to overpower the other two branches, the forefathers of the United States of America created a system of checks and balances. In the new government of the United States of America, the president had a Cabinet with a Secretary of State, Secretary of the Treasury, Secretary of War, Attorney General and Postmaster General. George Washington, the first president of the United States of America, asked Thomas Jefferson to be the Secretary of State and asked Alexander Hamilton to be the Secretary of the Treasury. Because of the polarity of their political beliefs, Thomas Jefferson, a Republican who believed in strong states rights, and Alexander Hamilton, a Federalist who believed in a strong federal government, had differing opinions on all matters in the government. While Jefferson written that all men are created equal in the Declaration of Independence, Hamilton had helped created the constitution that founded a strong federal government. Thomas Jefferson and Alexander Hamilton laid the groundwork for America’s first two-party system. It is partly because of Thomas Jefferson was the Secretary of State, the Cabinet's expert on foreign affairs, and Alexander Hamilton was the Secretary of the Treasury, the Cabinet’s expert on economic affairs, and partly because they were obliged to work together and present their opposed ideas and plans on matters of the government to President Washington and the people of America, Thomas Jefferson and Alexander Hamilton proposed important suggestions and took different initiatives to pass their propositions. By and large, however, Alexander Hamilton’s vision for the new government of the United States of America was in the country’s best interest.
Alexander Hamilton’s goal was to create a stable economy. He was concerned with the public credit of the United States of America. It was found that United States of America had debts amounting to $54 million from the Revolutionary War, $10 million of which was owed to wartime ally France and Dutch bankers. He proposed an economic plan that would solidify the economic structure of the country. Hamilton believed that the public debt assumption of all the states would be “the powerful cement of our Union” if his bond proposal that would improve the national public credit was be accepted. A bond is certificate issued by a government or company promising to pay back borrowed money at a fixed rate of interest on a specified date. He stated that all war bonds from the Revolutionary War must be paid in full at face value to those holding the bond...

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