Degree Name

MA (Master of Arts)

Program

History

Date of Award

5-2010

Committee Chair or Co-Chairs

Melvin E. Page

Committee Members

Dale J. Schmitt, Dale M. Royalty, Emmett M. Essin III

Abstract

The purpose of this manuscript is to explain Alexander Hamilton's idea that a national bank was essential for America's survival. Three key ingredients, clarified through the use of letters and documents, are used to understand the importance of Hamilton's objective: 1) Hamilton's relationship with George Washington, discussed in chapter one; 2) James Madison's and Thomas Jefferson's arguments against Hamilton's ideas, discussed in chapters two and three; and 3) Hamilton's proposal for the bank and his opinion in favor of its constitutionality, including the idea that the necessary and proper clause expands the authority of government, discussed in chapter four.

The prosperity and stability America experienced after the national bank threw open its door is proof that Hamilton's initiatives were needed. While James Madison is considered the Father of the Constitution, Hamilton is most definitely it foremost interpreter.

Document Type

Thesis - Open Access

Copyright

Copyright by the authors.

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