Class Notes

One of the biggest issues facing the new government when Washington took over was our debt.  We owed a total of 83 million in their time, a larger debt to income ration than we have today.  To solve this major issue, he turned to his young prodigy, Alexander Hamilton.  In 1790-1791, Hamilton issued three reports on public credit, where he proposed a way to not only manage the debt but to also strengthen what he saw as a weak government.  His plan was controversial, but when it finally was passed, he was able to accomplish both tasks. 

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