Alexander Hamilton(1757 — 1804)

Alexander Hamilton

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PoliticsEconomicsEarly ModernLate 18th century, the period of the American War of Independence and the founding of the Republic of the United States.

A Founding Father of the United States, Alexander Hamilton was the first Secretary of the Treasury (1789-1795). The architect of the American financial system, he created the first national bank and laid the foundations of the young United States' economy. He died in 1804 in a duel with Aaron Burr.

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Frequently asked questions

Alexander Hamilton (1757-1804) is one of the Founding Fathers of the United States. The key thing to remember is that, without ever having been president, he shaped the American economy as the first Secretary of the Treasury under George Washington. He created the First Bank of the United States in 1791, stabilized the currency with the US Mint in 1792, and wrote a large part of the Federalist Papers, texts that were crucial to the adoption of the Constitution. Less a general than a financial architect, he laid the foundations of public credit and American industry.

Key Facts

  • Took part in the American War of Independence as an aide-de-camp to George Washington (1777-1781)
  • Co-author of the Federalist Papers (1787-1788) defending the ratification of the American Constitution
  • First Secretary of the Treasury of the United States (1789-1795)
  • Founded the First Bank of the United States in 1791
  • Died on July 12, 1804 from injuries sustained in a duel with Vice President Aaron Burr

Works & Achievements

The Federalist Papers (with Madison and Jay) (1787-1788)

A series of 85 essays defending the Constitution. A foundational text of American political thought, most of which Hamilton wrote himself.

Report on Public Credit (1790)

A plan for the federal government to assume the states' war debts and restore the country's credit. It established the financial credibility of the United States.

Creation of the First Bank of the United States (1791)

The first national bank, tasked with managing the government's finances and stabilizing the currency.

Report on Manufactures (1791)

A plan to develop American industry. It laid the foundations for a modern, protectionist economic policy.

Creation of the US Mint (1792)

The establishment of a national monetary system with the dollar as its unit. It unified trade across the young nation.

Founding of the New-York Evening Post (1801)

A newspaper created by Hamilton, one of the oldest daily papers in the United States, still published today.

Anecdotes

Alexander Hamilton was born in the West Indies, on the island of Nevis, and he was an orphan and born out of wedlock. A gifted teenager, he so impressed the notables of his island with a letter describing a devastating hurricane that they pooled money to send him to study in North America.

During the War of Independence, Hamilton became aide-de-camp and personal secretary to General George Washington. He drafted much of his correspondence and remained one of his closest advisers, which launched his political career.

Hamilton is one of the main authors of the *Federalist Papers*, a series of 85 essays written to persuade Americans to adopt the Constitution. He alone wrote about 51 of them, sometimes several within a few days.

In 1804, Hamilton died in a pistol duel against Aaron Burr, the Vice President of the United States, with whom he was in political conflict. Struck in the abdomen near Weehawken, he died the next day in New York.

Even today, Alexander Hamilton's face appears on the American 10-dollar bill, even though he was never president. His life inspired the famous musical *Hamilton*, a huge success on Broadway.

Primary Sources

The Federalist No. 1 (1787)
It has been frequently remarked that it seems to have been reserved to the people of this country to decide, by their conduct and example, the important question of whether societies of men are really capable of establishing good government from reflection and choice.
Report on Public Credit (1790)
A nation's credit is measured by the regularity with which it honors its commitments; a national debt, if it is not excessive, will be to us a national blessing.
Report on Manufactures (1791)
The growth of manufactures makes a country more independent and prosperous by multiplying employment and encouraging the industry of every class of the population.
Letter from George Washington to Alexander Hamilton (1789)
You know how much I rely on your talents and your judgment in the conduct of the affairs of the Treasury.

Key Places

Charlestown, Nevis

Hamilton's birthplace in the British West Indies. He spent a poor, difficult childhood there before moving to North America.

King's College, New York

The institution (later Columbia University) where Hamilton pursued his higher education starting in 1773.

Yorktown, Virginia

Site of the decisive 1781 victory where Hamilton led a heroic assault on the British redoubts.

Philadelphia, Pennsylvania

City of the 1787 Constitutional Convention and the first capital, where Hamilton served as Secretary of the Treasury.

Weehawken, New Jersey

Site of the 1804 duel against Aaron Burr, where Hamilton was mortally wounded.

Hamilton Grange, New York

The home Hamilton had built in Harlem, his only personal residence, completed shortly before his death.

See also