Defining Moment
1790
1790
The New Nation Era
Defining Moment
What Americans Were Trying To Do
Restore trust, fund debts, and prove the new government could honor obligations.
What Happened
Hamilton's public credit program funded federal debt and assumed state Revolutionary War debts. The plan helped build national credit and tied creditors to the success of the federal government.
How Public Finance Made It Possible
Debt management made borrowing cheaper and showed that national finance could strengthen the republic.
What This EnabledThe country gained credibilitymarket confidencea more unified financial system
How Americans BenefitedThe country gained credibilitymarket confidencea more unified financial system
Anchor Events
Top 100 Building Events
