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Alexander Hamilton, a portrait by William J. Weaver now housed in the U.S. Department of State. In United States history, the Hamiltonian economic program was the set of measures that were proposed by American Founding Father and first Secretary of the Treasury Alexander Hamilton in four notable reports and implemented by Congress during George Washington's first term.
The report analyzed the financial standing of the United States and made recommendations to reorganize the national debt and to establish the public credit. [2] Commissioned by the US House of Representatives on September 21, 1789, the report was presented on January 9, 1790, [3] at the second session of the 1st US Congress. [4]
The predominant reason that the Second Bank of the United States was chartered was that in the War of 1812, the U.S. experienced severe inflation and had difficulty in financing military operations. Subsequently, the credit and borrowing status of the United States was at its lowest level since its founding.
A Financial History of the United States. Armonk: M.E. Sharpe. ISBN 0-7656-0730-1. Marrs, Jim (2000). "Secrets of Money and the Federal Reserve System". Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons, and the Great Pyramids. New York: HarperCollins. pp. 64– 78. Martin, Justin (2000).
A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company. [3] Note that the financial plan may then contain prospective financial statements, which are similar, but different, to those of a budget. Financial plans are the entire ...
The museum was founded in 1988 as the Museum of American Financial History but was renamed the Museum of American Finance in 2005. [2] Until December 2006, it was located at 26 Broadway . [ 3 ] On January 11, 2008, the museum opened in a new location at 48 Wall Street , the former headquarters of the Bank of New York . [ 4 ]
Planning can also take the form of indicative planning within a market-based economy, where the state employs market instruments to induce independent firms to achieve development goals. [5] A distinction can be made between physical planning (as in pure socialism) and financial planning (as practiced by governments and private firms in ...
In 1791, Congress chartered the First Bank of the United States.The bank, which was jointly owned by the federal government and private stockholders, was a nationwide commercial bank which served as the bank for the federal government and operated as a regular commercial bank acting in competition with state banks.