Alexander Hamilton And The Foundation Of U.S Financial System(1789-1795)

Alexander Hamilton was one of the famous American founding fathers,who was also the first Treasury secretary. His biggest merit was that hehad launched a financial revolution in the United States during the dayshe served as finance minister. From1789to1789, he wrote four importantreports, they are <Report on Public Credit>(1,2),<Report on a NationalBank>,<Report on the mint> and <Report on Manufacture>. Through the fourimportant reports, he outlined a trinity blueprint for the United Stateswith Credit, Banks, and Manufacture. In1789, Hamilton became the firstTreasury secretary of the country, the financial sector has nothing; whileafter he stepped down in1795, the United States has initially establisheda modern financial system. Nearly two centuries since the founding, theUnited States has evolved from a colonial country grow into the world’sonly superpower. The United States is still so strong today and that isinseparable from its modern financial system.This article traces the history of financial development in the UnitedStates in this period of1789-1795; regard Hamilton’s financialrevolution as the focus of the study. Systemized Hamilton’s financialpolicies, and summarized the results. The first chapter mainly studiedchallenges of the United States and the history of European experienceto analyze the source of Hamilton’s financial revolution ideas.The second chapter reviewed the content of Hamilton’s four keyreports, overall combed Hamilton’s financial system building logic.Hamilton outlined a trinity blueprint of country governing for the UnitedStates. The third chapter compared the changes before and afterHamilton’s financial revolution. The history told that after1795, fivemodern financial system elements were established; the U.S. economy hadgrown up rapidly. The fourth chapter mainly analyzed the politicalimplications of the financial revolution shortly after two in the United States. It is the controversy during financial revolution promoted theformation of the American two-party political. After financial revolutionsucceeded, the United States is able to finished Louisiana Purchase byusing the national wealth. The final conclusion generally stated thecontemporary value of the U.S. financial revolution. Alexander Hamilton,as the chief architect of the U.S. financial system, His personalcontribution has played a key role in the financial revolution.