USA HISTORY

Detailed explanation-1: -Hamilton wanted the United States to model itself on Britain. The government, he thought, should encourage manufacturing and trade. He also favored the growth of cities and the merchant class. economy would corrupt the United States by concentrating power in the hands of a small group of wealthy Americans.

Detailed explanation-2: -Alexander Hamilton, Secretary of Treasury, was in charge of national debt and believed we should ally with Great Britain. He believed this because Britain was wealthy and our major exporter and Importer.

Detailed explanation-3: -Hamilton’s vision for reshaping the American economy included a federal charter for a national financial institution. He proposed a Bank of the United States. Modeled along the lines of the Bank of England, a central bank would help make the new nation’s economy dynamic through a more stable paper currency.

Detailed explanation-4: -Hamilton’s efforts to secure an alliance with Great Britain were suppressed by Washington in 1792, and relations between the two countries continued to sour. Hamilton continued to advocate better relations, and eventually achieved his aim with the controversial Jay Treaty of 1795.