United States of America in 1789, he was immediately faced with one of the greatest challenges of his career—saving the fledgling economy. Hamilton championed a bold plan to consolidate the debt, create a national bank, and establish a sound currency. His sweeping proposals set the nation on a path to economic success, and the positive benefits of Alexander Hamilton's financial plan continue to be felt today.

Hamilton's financial plan focused on restoring the nation's fiscal health by consolidating the nation's ever-growing debt and creating a system of sound and reliable credit. He proposed that states pass legislation to allow the federal government to take on their debt, issue bonds, and provide federal guarantees for the repayment of that debt. This paid off almost immediately, as the federal government was able to pay off the debt they had promised to assume with just $18 million in revenue for the first 18 months.

The financial plan also created a federal national bank and a uniform currency. The bank worked to strengthen the nation's fiscal health by helping to regulate its economy and ensuring the payment of government debt. The uniform currency would reduce economic chaos by unifying the coinage of the various states under the United

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