History Podcasts

Hamilton’s Economic Plan

Hamilton’s Economic Plan

Congress formed the first three executive departments:

  • Foreign Affairs, later to be the Department of State, was headed by Thomas Jefferson
  • War, later to be the Department of Defense, was headed by Henry Knox
  • Treasury was headed by Alexander Hamilton.

Compared to later presidents, Washington was not a micro-manager; he allowed the department heads to establish their own policies and did not attempt to chart a course for Congress.Hamilton quickly formulated a multifaceted program to deal with the young nation’s economic ills. He issued a series of reports for Congress dealing with such issues as public credit, manufacturing, and banking.

Watch the video: APUSH Review: Alexander Hamiltons Financial Plan (January 2022).