Alexander Hamilton Firma

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Wiki info

Hamilton led the Treasury Department as a trusted member of President Washington's first Cabinet. Hamilton successfully argued that the implied powers of the Constitution provided the legal authority to fund the national debt, to assume states' debts, and to create the government-backed Bank of the United States. These programs were funded primarily by a tariff on imports, and later by a controversial whiskey tax. He opposed friendly relations with the French revolutionaries. Hamilton's views became the basis for the Federalist Party, which was opposed to the Democratic-Republican Party led by Thomas Jefferson and James Madison. In 1795, he returned to the practice of law in New York. He called for mobilization against the French First Republic in 1798–99 under President John Adams, and became Commanding General of the U. S. Army, which he reconstituted, modernized, and readied for war. The army did not see combat in the Quasi-War, and Hamilton was outraged by Adams' diplomatic approach to the crisis with France. His opposition to Adams' re-election helped cause the Federalist party defeat in 1800. Jefferson and Aaron Burr tied for the presidency in the electoral college, and Hamilton helped to defeat Burr, whom he found unprincipled, and to elect Jefferson despite philosophical differences.