USA HISTORY

Detailed explanation-1: -In 1790, Treasury Secretary Alexander Hamilton pushed for the federal government to take over that debt. He also suggested an excise tax on whiskey to prevent further financial difficulty.

Detailed explanation-2: -His Secretary of the Treasury, Hamilton, wrote the whiskey tax legislation and advocated for it as the way to repay the states’ war debt. Unmindful of the hardship the tax caused the western farmers, the federalists believed whiskey was a luxury people could live without.

Detailed explanation-3: -The First Bank issued paper currency, used to pay taxes and debts owed to the Federal Government. Hamilton also introduced plans for a United States Mint.

Detailed explanation-4: -Alexander Hamilton details that taxes are extremely important to our government. Hamilton believes that the power to collect taxes deemed necessary is crucial for the government.

Detailed explanation-5: -Alexander Hamilton, secretary of the treasury, had proposed the excise (enacted by Congress in 1791, the first national internal revenue tax) to raise money for the national debt and to assert the power of the national government.