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Hamilton's Financial Plan
In United States history, the Hamiltonian economic program was the set of measures that were proposed by American Founding Father and first Secretary of the Treasury Alexander Hamilton in four notable reports and implemented by Congress during George Washington's first term. They outlined a coherent program of national mercantilism government-assisted economic development. * First Report on the Public Credit – pertaining to the assumption of federal and state debts and finance of the United States government (1790). Hamilton included his plan to tax distilled spirits among other domestic goods to boost revenue. He thought that a tax on spirits would be the least objectionable way to make money, as it could be philosophically equated to a pigouvian or sin tax. However, his new tax set off the Whiskey Rebellion which highlighted separation in social classes as rural Pennsylvanian farmers fought against the government. Eventually, the tax was repealed, but the incident greatly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Hamilton By William J Weaver
Alexander () is a male name of Greek origin. The most prominent bearer of the name is Alexander the Great, the king of the Ancient Greek kingdom of Macedonia who created one of the largest empires in ancient history. Variants listed here are Aleksandar, Aleksander, Oleksandr, Oleksander, Aleksandr, and Alekzandr. Related names and diminutives include Iskandar, Alec, Alek, Alex, Alexsander, Alexandre, Aleks, Aleksa, Aleksandre, Alejandro, Alessandro, Alasdair, Sasha, Sandy, Sandro, Sikandar, Skander, Sander and Xander; feminine forms include Alexandra, Alexandria, and Sasha. Etymology The name ''Alexander'' originates from the (; 'defending men' or 'protector of men'). It is a compound of the verb (; 'to ward off, avert, defend') and the noun (, genitive: , ; meaning 'man'). The earliest attested form of the name, is the Mycenaean Greek feminine anthroponym , , (/Alexandra/), written in the Linear B syllabic script. Alaksandu, alternatively called ''Alakasandu'' or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sin Tax
A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as Alcohol tax, alcohol, tobacco tax, tobacco, drugs, candy, soft drinks, fast foods, coffee, sugar, gambling, vaping, cannabis (wherever legal for recreational use) and pornography. In contrast to Pigovian taxes, which are to pay for the damage to society caused by these goods, sin taxes increase the price in an effort to decrease the use of these goods. Increasing a sin tax is often more popular than increasing other taxes. However, these taxes have often been criticized for regressive tax, burdening the poor and disproportionately taxing the physically and mentally dependent. Summary The enactment of sin taxes on harmful activities varies by jurisdiction. In many cases, sumptuary taxes are implemented to mitigate use of alcohol and tobacco, gambling, and vehicles emitting excessive pollutants. Sumptuary tax on sugar and s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Political Philosophy
American politics (or American government) is a field of study within the academic discipline of political science. It is primarily, but not exclusively, studied by researchers in the United States. Along with comparative politics, international relations, and political theory, it is one of the major fields of political science that are studied in American academic institutions. Political scientists studying American politics are sometimes referred to within the discipline as "Americanists". The field is conventionally divided into the sub-fields of political behavior and political institutions. It also consists of other major sub-fields, such as American political development (APD), which do not fit neatly into either category. Research areas within the American political behavior sub-field include voting behavior, public opinion, partisanship, and the politics of race, gender, and ethnicity. Questions within the study of American political institutions include the legislative ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federalist Party
The Federalist Party was a conservativeMultiple sources: * * * * * * * * and nationalist American political party and the first political party in the United States. It dominated the national government under Alexander Hamilton from 1789 to 1801. The party was defeated by the Democratic-Republican Party in 1800, and it became a minority party while keeping its stronghold in New England. It made a brief resurgence by opposing the War of 1812, then collapsed with its last presidential candidate in 1816 United States presidential election, 1816. Remnants lasted for a few years afterwards. The party appealed to businesses who favored banks, national over state government, and manufacturing an army and navy. In world affairs, the party preferred Kingdom of Great Britain, Great Britain and strongly opposed involvement in the French Revolutionary and Napoleonic Wars. The party favored centralization, Early federalism in the United States, federalism, modernization, industriali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American System (economic Plan)
The American System was an economic plan that played an important role in American policy during the first half of the 19th century, rooted in the " American School" ideas and of the Hamiltonian economic program of Alexander Hamilton.Classic Senate Speeches: Henry Clay ''In Defense of the American System'' at the U.S. Senate website A plan to strengthen and unify the nation, the American System was advanced by the Whig Party and a number of leading politicians including and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American School (economics)
The American School, also known as the National System, represents three different yet related constructs in politics, policy and philosophy. The policy existed from the 1790s to the 1970s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas. "Free Trade Fallacy" New America It is the philosophy that dominated national po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Report On A Plan For The Further Support Of Public Credit
In United States history, the Report on a Plan for the Further Support of Public Credit is the "valedictory" report issued to the US Congress on January 16, 1795 by the first Secretary of the Treasury, Alexander Hamilton. In addition to defending the fiscal programs that he had imposed thus far and extolling a system of finance that was "prosperous beyond all expectations", the report enumerated existing sources of revenue, outlined the plan for the "Redemption of the public debt" and its accruing interest to stabilize the current system of funding, and proposed amendments to the System of Public Credit that were designed to "prevent that progressive accumulation of Debt which must ultimately endanger all Government." Essentially, his report was submitted to address the fears of the Democratic-Republicans that the public debt would later become unmanageable. Hamilton subsequently discussed resolutions adopted by Congress for the sequestration of British debts in the United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing In The United States
Manufacturing is a vital economic sector in the United States of America. The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. As of December 2016, the U.S. manufacturing industry employed 12.35 million people. A year later, in December 2017, U.S. manufacturing employment grew by 207,000, or 1.7%, employees. Though still a large part of the US economy, in Q1 2018 manufacturing contributed less to GDP than the 'Finance, insurance, real estate, rental, and leasing' sector, the 'Government' sector, or 'Professional and business services' sector. Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential ele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Report On Manufactures
In United States history, the Report on the Subject of Manufactures, generally referred to by its shortened title Report on Manufactures, is the third of four major reports, and '' magnum opus'', of American Founding Father and first U.S. Treasury Secretary Alexander Hamilton. It was presented to the Congress on December 5, 1791. In the report, Hamilton argued for industrial policy to support modern manufacturing technologies in the United States. It laid forth economic principles rooted in both the mercantilist system of Elizabeth I's England and the practices of Jean-Baptiste Colbert of France. The main ideas of the Report would later be incorporated into the " American System" program by US Senator Henry Clay of Kentucky and his Whig Party. Abraham Lincoln, who called himself a "Henry Clay tariff Whig" during his early years, would later make the principles cornerstones, together with his opposition to the institution and the expansion of slavery, of the fledgling Rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Report On Public Credit
In United States history, the Second Report on the Public Credit, also referred to as The Report on a National Bank,Malone, 1960, p. 259 was the second of four influential reports on fiscal and economic policy delivered to Congress by the first U.S. Secretary of the Treasury, Alexander Hamilton.Staloff, 2005, p. 91 Submitted on December 14, 1790, the report called for the establishment of a central bank with the primary purpose to expand the flow of legal tender, monetizing the national debtMalone, 1960, p. 262 by issuing of federal bank notes.Miller, 1960, p. 53 Modeled on the Bank of England, the privately held but publicly funded institution would also serve to process revenue fees and to perform fiscal duties for the federal government.Staloff, 2005, p. 97 Hamilton regarded the bank as indispensable to produce a stable and flexible financial system.Brock, 1957, p. 44 The ease with which Federalists advanced legislation to incorporate the bank impelled agrarian opposition t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio and the Ohio River to its west, Lake Erie and New York (state), New York to its north, the Delaware River and New Jersey to its east, and the Provinces and territories of Canada, Canadian province of Ontario to its northwest via Lake Erie. Pennsylvania's most populous city is Philadelphia. Pennsylvania was founded in 1681 through a royal land grant to William Penn, the son of William Penn (Royal Navy officer), the state's namesake. Before that, between 1638 and 1655, a southeast portion of the state was part of New Sweden, a Swedish Empire, Swedish colony. Established as a haven for religious and political tolerance, the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whiskey Rebellion
The Whiskey Rebellion (also known as the Whiskey Insurrection) was a violent tax protest in the United States beginning in 1791 and ending in 1794 during the presidency of George Washington. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly formed federal government. The "whiskey tax" became law in 1791, and was intended to generate revenue to pay the war debt incurred during the American Revolutionary War. Farmers of American frontier, the western frontier were accustomed to distilling their surplus rye, barley, wheat, corn, or fermented mash ingredients, grain mixtures to make whiskey. These farmers resisted the tax. Throughout western Pennsylvania counties, protesters used violence and intimidation to prevent federal officials from collecting the tax. Resistance came to a climax in July 1794, when a United States Marshals Service, US marshal arrived in western Pennsylvania to serve writs to distillers who had not paid the excise. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
