Was Alexander Hamilton A Success Or Failure

Alexander Hamilton’s marriage was successful but it had its flaws. Such as, he had an affair with a woman known as Maria Reynolds. Alexander then had to apologize publicly and privately to his wife Elizabeth. They later had two more children and stayed happily married. Elizabeth outlived Alexander by 50 years and spent that time trying to undo the damage done in the last decade of his life.

In 1784, Alexander Hamilton founded the Bank of New York. Now it is the oldest ongoing bank in the United States. He founded it not on his own but with Aaron Burr. Hamilton proposed a national bank. Congress approved the idea in 1791. The bank had $10 million in capital. It could lend the government money and pay off state debts. Hamilton’s system also created a federal system to collect taxes. But not everyone accepted Hamilton’s views. Many of President Washington’s advisors opposed Hamilton. Alexander fought for his bank and won his argument. He was

Throughout the rest of 1776, Captain Hamilton established himself as a great military leader as he directed his artillery company in several battles in and around New York City. In March 1777, Hamilton’s performance came to the attention of General George Washington and he was commissioned lieutenant colonel and personal aide to General Washington in the Continental Army.

Hamilton was one of the greatest contributors to the economy of the United States. He became an important member of the first Cabinet of the first President as the first Secretary of the Treasury (1789-1795). As the first Secretary of the Treasury, he brought about significant changes in the economy. Many modern facilities, like credit creation, were introduced in the United States by him. In the year of 1789, he presented five extremely important reports before the United States that ultimately shaped its