Alexander Hamilton's Economic Reforms

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Alexander Hamilton's economic reforms were outlines of his bold vision for the new nation's (United States) economic development. There were various measures designed to strengthen the nation's capitalist economy and generate federal revenue through the promotion of new industries, the adaptation of new tax policies, the payment of war debts and the establishment of a national bank. Mostly due to Hamilton, the Treasury Department during the early 1790's accumulated a surplus that enabled it to begin paying off the Revolutionary War debts, and foreign capitalists began to invest heavily in the growing American economy. Yet, however beneficial Hamilton's policies were to the nation's long-term economic development, they continued to arouse fierce