United States steady itself economically after the Revolutionary War. To this end, Hamilton proposed various reforms of the United States economy, including the establishment of a national Bank of the United States and the implementation of excise taxes and import duties. Of these, Hamilton’s plans for the national Bank of the United States, and his proposals for taxation, are those that have had the most favorable effect upon the long-term financial plans of the United States.

The promise of the national Bank of the United States was immense. By establishing the Bank, Hamilton sought to create a fiscal institution capable of both issuing America’s currency and managing the nation’s debt. By doing so, Hamilton intended to free the United States from dependence upon foreign interests and investments and to stabilize its money supply. The Bank underwent several refinements over the course of its lifetime, and it provided essential financial stability for centuries.

The second part of Hamilton’s plan to strengthen the United States financially comprised proposals for taxation and budgeting. Hamilton proposed the creation of excise taxes on domestic goods, as well as tariffs and duties on foreign imports. Through the taxation of goods and services, Hamilton

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