Alexander Hamilton Advocated Assumption of State Debts, Creation of the Bank

question 45

Essay

Alexander Hamilton advocated assumption of state debts, creation of the Bank of the United States, enactment of protective tariffs, and enactment of an excise tax on whiskey. Discuss the political, social, and economic concepts on which Hamilton's proposals were based, and explain what each proposal was designed to achieve. Were the proposals enacted into law? Why?

---

Definitions:

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Exhaustion

A state of extreme physical or mental fatigue often resulting from stress, overwork, or illness, making it difficult to function effectively.

Alarm Reaction

The initial stage of the stress response, in which the body prepares to fight or flee.

Defensive Coping

Defensive Coping is a psychological strategy used to protect oneself from stress, anxiety, or harm through denial or avoidance.