Relation To Hamilton's Other Economic Policies
In 1791, The first Bank of the United States was brought into being as one of the three major financial innovations proposed and supported by Hamilton, first Secretary of the Treasury. In addition to the national bank, the other two measures were establishment of a mint and imposition of a federal excise tax. Three goals of Hamilton's three measures were to:
- Establish financial order, clarity and precedence in and of the newly formed United States.
- Establish credit—both in country and overseas—for the new nation.
- To resolve the issue of the fiat currency, issued by the Continental Congress immediately prior to and during the United States Revolutionary War—the "Continental".
Read more about this topic: First Bank Of The United States
Famous quotes containing the words relation to, relation, hamilton, economic and/or policies:
“The foregoing generations beheld God and nature face to face; we, through their eyes. Why should not we also enjoy an original relation to the universe? Why should not we have a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?”
—Ralph Waldo Emerson (1803–1882)
“Our sympathy is cold to the relation of distant misery.”
—Edward Gibbon (1737–1794)
“Word’s gane to the kitchen,
And word’s gane to the ha’,
That Marie Hamilton gangs wi’ bairn
To the hichest Stewart of a’.”
—Unknown. Mary Hamilton (l. 1–4)
“Freedom is the by-product of economic surplus.”
—Aneurin Bevan (1897–1960)
“Unfortunately, we cannot rely solely on employers seeing that it is in their self-interest to change the workplace. Since the benefits of family-friendly policies are long-term, they may not be immediately visible or quantifiable; companies tend to look for success in the bottom line. On a deeper level, we are asking those in power to change the rules by which they themselves succeeded and with which they identify.”
—Anne C. Weisberg (20th century)