ECON-Reading Response 2.docx - 1 List three of the policy...

This preview shows page 1 - 2 out of 2 pages.

1. List three of the policy initiatives pursued by Alexander Hamilton as the first U.S. Treasury Secretary, explaining each in at most two sentences. Suggest three ways in which Hamilton's policy program influenced the subsequent course of economic growth and development in America. Alexander Hamilton pursed many policy initiatives as the first U.S. Treasury Secretary such as the new government funding the entire Continental war debt which would be done by refinancing with a specific commitment of future taxes to support it. Another policy initiative Hamilton pursued was a solid tax base in which the federal impost supplemented by a new excise law on domestic and imported spirits to insure the regular payment of interest. An additional policy initiative pursed by Hamilton as the first U.S. Treasury Secretary was for a sinking fund to be established from the revenues of the Post Office and used for retiring a portion of the principal every year and for stabilizing its value by purchases from time to time in the open market. One way in which
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Spring '18
  • Economics, New Jersey, Washington, D.C., United States Secretary of the Treasury

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern