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Federalist Essay

  • Submitted by: ethansmom
  • on October 31, 2010
  • Category: History
  • Length: 527 words

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Below is an essay on "Federalist" from Anti Essays, your source for research papers, essays, and term paper examples.

Federalist

Federalist, Alexander Hamilton was only thirty-four years old when President George Washington appointed him secretary of the treasury, giving him control over all economic and domestic policy in the new nation (American Promise p.243).   Hamilton made decisions that were not in the best interest of the American lower class, on the other hand the Republicans favored the lower class and they supported liberty.   Today, the American’s government maintains their boundaries in their authority; thus there are three reasons I would not have supported the Federalist of the 1790, taxations that crippled the lower class, and their support for monarchy.
The Federalist of the 1790s did not look at all classes of people when they made their decisions about taxes.   Hamilton did not want to pay off the debt, but in contrast he     wanted to borrow more money which would lead to higher taxes.   Thus, the taxes lead to the Whiskey tax which did not affect rich landowners or the merchants, but however the farmers.   Hamilton convinced Congress in 1791 to pass a 25 percent excise tax on whiskey to be paid by farmers when they brought their grain to the distillery. They then passed it to the individual whiskey consumers in the form of higher prices (American Promise p.255).   Hamilton assumed that the government was safest when in the hands of “the rich, the wise, and the good”-in other words, America’s commercial elite (American Promise p.245).   He believed that a person financial state declared the position they should hold in government.
Federalist supported the monarchy, and did not want to fully separate from their system of government, so they tried to pattern some of the laws they passed in the likeness of the British.   Arguing that banks were the “nurseries of national wealth,” Hamilton modeled his bank plan on European central banks, such as the Bank of England, a private corporation that used its government’s money in actions to invigorate the British economy...

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