Understanding Alexander Hamilton's Economic Problems and Financial Plan
Exploring Alexander Hamilton's approach to addressing economic challenges, financial planning, and interpretation of the Constitution. Delve into his strategies to tackle war debts, promote a strong central government, and foster economic growth. Discover the significance of repaying debts, nurturing business, and industry to shape the nation's financial landscape.
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Alexander Hamilton Economic Problems, Financial Plan, & Interpreting the Constitution
Broadway Carpool Karaoke ft. Hamilton More With James Corden hosting the Tony Awards, he calls on Lin-Manuel Miranda, Audra McDonald, Jesse Tyler Ferguson and Jane Krakowski to get him through New York traffic while they sing tunes from Hamilton, Les Mis rables and other Broadway classics. "Subscribe To ""The Late Late Show"" Channel HERE: http://bit.ly/CordenYouTube Watch Full Episodes of ""The Late Late Show"" HERE: http://bit.ly/1ENyPw4 Like ""The Late Late Show"" on Facebook HERE: http://on.fb.me/19PIHLC Follow ""The Late Late Show"" on Twitter HERE: http://bit.ly/1Iv0q6k Follow ""The Late Late Show"" on Google+ HERE: http://bit.ly/1N8a4OU Watch The Late Late Show with James Corden weeknights at 12:35 AM ET/11:35 PM CT. Only on CBS. Get the CBS app for iPhone iPad! Click HERE: http://bit.ly/12rLxge Get new episodes of shows you love across devices the next day, stream live TV, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B --- Each week night, THE LATE LATE SHOW with JAMES CORDEN throws the ultimate late night after party with a mix of celebrity guests, edgy musical acts, games and sketches. Corden differentiates his show by offering viewers a peek behind-the-scenes into the green room, bringing all of his guests out at once and lending his musical and acting talents to various sketches. Additionally, bandleader Reggie Watts and the house band provide original, improvised music throughout the show. Since Corden took the reigns as host in March 2015, he has quickly become known for generating buzzworthy viral videos, such as Carpool Karaoke." https://www.youtube.com/watch?app=desktop&v=Yshg mStEZh0 https://www.theverge.com/2016/2/15/11010890/hamilto n-lin-manuel-miranda-grammys-2016
Alexander Hamilton Alexander Hamilton My name is Alexander Hamilton And there s a million things I haven t done But just you wait, just you wait
Economic Problems Nation s finances a wreck War Debts Private citizens loaned money to the government State governments had their own wartime debts US debt in 1789 = $52M Current US debt CBO Statistics CBS Source
Economic Problems Must repay debts to win the respect of both foreign nations and its own citizens Demonstrate responsibility with money Could hamper lending relations in the future
Hamiltons Financial Plan Believed in a strong central government National government > State governments Government should encourage business and industry Strived to get wealthy merchants and manufacturers on his side
Hamiltons Financial Plan 3 Steps Pay off all war debts Raise government revenues Create a National Bank Wanted the National government to pay off the war debts of the states Most southern states had paid theirs off and did not want to help northern states to pay off theirs Compromise the nation s capital would be located in the South
Hamiltons Financial Plan Favored tariffs Tax on imported goods, such as shoes and textiles Benefits of tariffs Raises money for the government Encourages growth of American industry Create a national bank Safe place to keep money Issue loans Issue bank notes paper money that could be used as currency
Interpreting the Constitution Not all people were in agreement with Hamilton Jefferson and Madison believed the Constitution discouraged a strong central government The meaning of the Constitution was debated
Interpreting the Constitution Jefferson s and Madison s argument Strong interpreters of the Constitution Strict construction narrow or strict interpretation Hamilton loose construction broad or flexible interpretation Government did not have the power to set up a national bank Hamilton wins in Washington, and the National bank is created Alexander Hamilton - American Experience
Political Cartoon Imagine you oppose or support Hamilton s plan for the nation s finances. Draw a political cartoon, expressing your opinion. Ideas National bank Debt Tariffs Interpretations of the Constitution
