Alexander Hamilton – A Founding Father Of American Nation

“A well-adjusted person is one who makes the same mistake twice without being nervous”, well said by one of the most important founding fathers. A man who’s made many mistakes yet didn’t crack under the immense pressure set by his peers and the public. A founding father of our nation without being born in it. Alexander Hamilton was at the forefront of our nation and the most influential figure during the revolution by the founding of the very first National Bank and its effects, the writing of the Federalist Papers and the effects it has today and the days before, as well as the ways he went about to fix our national and international debt as well as our economy at the time.

Alexander Hamilton’s influence upon American grew immensely when he established the National Bank. This national bank directly affected the nation we know today in ways no one could imagine. First off, the National Bank established a new system of credit that allowed the United States to take money for government activities at the time, which was so crucial for the young nation. The bank was founded in Philadelphia and was successfully run in eight different cities throughout the Nation. Since the bank was running successfully, the government was able to take money for funding for new programs, branches, and agencies we have had for over two hundred years. Also, the bank was permitted to relay and loan money to the federal government. Not only for branches and programs and such, yet for new projects set by the government. The National Bank was also able to and paid the government’s bills as well as loan the government money for Federal projects. Yet, this was not the only way the National Bank directly affected and influenced the flourishing of the United States as well as its citizens. One of the National Bank’s duties was to supply and control the flow of money throughout the states. Another duty was that the bank was able to provide loans to people who needed them. These two duties allowed for the economy to flourish in the United States because of all of the money flow across the states and its residents. Also, by the establishment of the bank, the new currency set in place was finally stable as well as consistency grew tremendously compared to its counterpart in the war. In which the old currency ended up falling through due to inflation and many other variables.

If not for Hamilton’s endless genius our nation could have crumbled down due to pressure, but as Hamilton’s work ethic never stopped, neither did this nation because of the support beams Hamilton dreamt, built, and worked for, for a nation he was never born in. Alexander Hamilton not only wrote reports, Hamilton also wrote 51 of the 85 Federalist Papers. These essays have directly played a hand in the people of yesterday as well as the people of yesterday.

Alexander Hamilton has written a majority of the Federalist Papers, it is no surprise that the people of today still look to his essays for inspiration. People today continually study Hamilton’s various essays that explain and elaborate upon the powers of the executive, judicial, and legislative branches. Also, although the papers were intended to defend the constitution from the anti-federalists of Hamilton’s time. The papers are used to define and figure out the harder, more complex ideas and writings of the Constitution. Being that the Federalist Papers were one of the most classic and renowned pieces of writing, it is no surprise that it contributed to acceptance to the very document it defended. Although the Federalist Papers were written in great detail, it probably did not push other anti-federalists. The papers pushed the undecided delegates from New York to ratify the constitution. Also, by pushing one of the most influential states, New York, it solidified the acceptance and ratification of much smaller, undecided states that haven’t ratified the constitution. If the Federalist Papers were never written, it would be an everlasting question how many questions, cases, and states would be left clueless without the in-depth descriptions and evaluations of the very Constitution our Founding Fathers have left us these past two hundred some years ago.

Finally, Alexander Hamilton, being the Secretary of the Treasury of the United States, he was given the hefty job of lifting our debt, National, and Stateside. In which Alexander Hamilton fixed our debt in two ways no one in the nation would’ve imagined. Hamilton’s plan began with his various reports. His reports allowed for him to voice to Congress the need for tax collection, to which they did. Hamilton’s department began with a tax collection service. This service turned out to be very controversial to the public but very helpful to the government. This tax service allowed the government to form and establish credit to other foreign nations that helped the nation out before and after the war. Also, along with this tax collection service, Hamilton’s report on the mint allowed the government to reform the debt nationally and stateside in one way made possible. His report on the mint allowed the Treasury to create the mint. The mint created the nations accepted currency of the time. Fives, tens, two dollars and fifty cents, half dime, and half-cent all made possible by the U. S. Mint (United States Mint Facility). By creating the U. S Mint, it allowed Hamilton to create a safety blanket in United States Credit. Protecting profits and revenues carried out by the taxes and tariffs also set by Hamilton, also the Mint allowed for a stability to the monetary economy at the time. All things never before seen and acted upon so quickly to revoke the massive amounts of debt the United States has accumulated over the Revolutionary War. Along with Hamilton’s reports, his overall plan and program for the economy played an enormous role in reforming the debt faced state and the national side. This includes Hamilton’s way of paying off debts. In which he would pay the debt to states and its citizens at regular or par value. While paying the debt to other nations at full value even though prices may have increased or decreased due to fluctuations in the economies at the time. Again, lending to the report on credit, Hamilton believed that this would not only pay off debts in a reasonable rate but create good and reputable credit for the United States, if the states again needed to borrow money in a time of crisis. Hamilton, along with paying off these debts at par and full value, issued out security bonds to citizens. Although making the buyers or speculators very profitable when buying these bonds. The profit and money from the bonds alone went toward the paying off of the state debt, which helped the nation out tenfold. Without Hamilton’s economic genius, then our nation we know today may not look the same, his effects upon today are still evident.

It is no question at all that all of our founding fathers had their own genius in their field. Jefferson had his social genius, Knox clearly had his wartime skills, as well as Franklin’s diplomatic genius, in and out of France. Yet Hamilton’s genius not only affected those on farms, to rich bankers in the north. His genius followed him through two hundred years past from the Mint, his National Bank or rather Federal Reserve as we know today, as well as his living effects on the restoration of the nation’s debt. If Hamilton never traveled from his lonely home in the Caribbean to his brand new life in the states, then there would be losses and blows to the very foundations of our growing nation that would be felt two hundred years ago and more to come. a