He was given the post of secretary of treasury with

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the United States of America. He was given the post of secretary of treasury with the responsibility of strategizing and implementing policies that would pull the United States of America out of the financial mess it was in. Jefferson and Madison are other examples of secretaries of the young United States of America. As a young nation, the United States of America faced various challenges. First and foremost the British failed to adhere to the Treaty of Paris. This treaty required Britain to hand over all ports to and from the United States of America. Unfortunately, instead of
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3 handing over these ports Europe instead went ahead to close most of these ports. This had a severe crippling effect on the trading activities of the United States of America thus impacting the economy negatively. Spain, for example, blocked ships from The United States of America from using the Mississippi River and this significantly interfered with America's trading activities. Due to these sabotages the economy of The United States of America became very weak. As a result, the economy suffered inflation. The Constitution had the responsibility to protect The United States of America from such advances from Europe. However, it was unable to do so. The constitution had a few laws that seemed to be aimed at furthering inflation in the country. Such laws were like the law that emphasized that the United States of America had an obligation to clear all debts that had been incurred along the way. This can be said to have been too harsh for a struggling economy. This validation of all war debts was done under Article VI of the young nation's constitution. The Constitution further did not have any provisions that would push The United States of America into establishing an army. This, unfortunately, made the United States of America appear very weak during international relations thus making her very vulnerable. Furthermore, the Constitution had no provisions that would help the federal government to quiet the Shays Rebellion by the farmers at Massachusetts who were rebellious against the on-going inflation had had grievous impacts on them and their businesses. As secretary of Treasury, Hamilton came up with Economic Policies which were geared towards healing The United State of America’s ailing economy. According to Hamilton, it was very important for the United States to clear all her loans to assume the image of a trustworthy nation in the international community. These debts were divided into three: First and foremost were the domestic debts. These were the debts that had been taken from domestic sources. By paying these domestic sources, in case there would need to take
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4 another loan, the United States would not have a difficult time convincing them to loan the government since it would have gained their trust. The second debt is debts from foreign creditors. By paying these debts, the United States would save her face in the eyes of the international community and ear their trust. The third debt was the debts of the states. These debts were specifically categorized under the ‘assumption policy.' Hamilton had realized that
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