Chris Hobeiko's essay on Hamilton

Hamilton sent a 31 page letter to Morris. In this letter he outlined his ideas on how to setup a system that would give American lower credit and he sited the needs for a NationalBank. Both of these views he would latter bring to the table as secretary of treasury underGeorge Washington, and in his first and second reports on Public Credit. Hamilton’sletter showed that even though, in his own words, he was “not an able financier” he wasable to use his immense intellect to form concrete ideas that would eventually serve asthe basis for Americans financial programs.Hamilton firmly believes that in order to win the war, American must “introduceorder into our finances- by restoring public credit to finally gain our object”; the objectbeing freedom. His solution to the budget deficit was a national bank similar to the banksof rich European nations that would enhance state power and facilitate private commerce.His emulations of British belief would eventually gain him much criticism in the futureby followers of Jefferson.During the Revolution, Hamilton also began to first voice his views on theweakness of the central government and on the power of the states. This would becomeextremely important after the war, when Hamilton, along with Madison helped facilitatethat Constitutional Convention, the creating of the Constitution of the United States ofAmerica, and New York’s acceptance of the Constitution.However, before working with Hamilton on the Constitution, they first created acampaign to introduce a 5 percent duty on all imports. This would give Congressautonomy in money matters and would hedge the growing powers of the states. AlthoughHamilton was fiercely loyal to New York City, he still felt that the Federal government