GEORGE WASHINGTON

THE HAMILTON PLAN
Soon after rising to presidency, Washington was faced with a tough choice. Who should fill the position of Treasurer in the United States newly formed Government?

As the plan's name suggests, his first choice was Alexander Hamilton. Although there were many reasons for appointing him to this job, two main reasons include the fact that Washington and Hamilton had fought together in the Revolutionary War and Hamilton was a college educated man.

THE PLAN
The plan itself was a bold one. Hamilton received many criticisms for his ideas but this was by far his most controversial.

ESSENCE OF THE PLAN

• Take on the confederation debt.
• Issue security bonds to make capital
• Proposal of a national bank.
• Make manufacturers more self-sufficient.

EFFECTS OF THE HAMILTON PLAN

EFFECTS

• The nation criticized the bank of the united states for being unconstitutional.
• The debate over "implied powers" starts.
• High tariffs were instituted to protect american industry.
• Farmers were hit the hardest from these tariffs and voiced how unfair it was.