Samantha Avina Botello
History 1301
Professor Kat
Module 8 Interactive Activity: Primary Source Analysis Assignment
1. According to Hamilton, why is it essential that the new Republic establish public credit?
Alexander Hamilton believed that it is very important for the new Republic to establish public
credit because he had the belief that public credit establishment was gping to originate new
propositions to increase the profit while improving the economic condition of the country. The
government was also under a huge debt and public credit was going to be needed in order to
solve the problem.
2. What benefits does Hamilton believe that individual citizens of the United States will accrue
as a result of the establishment of such credit? What examples does he give?
Hamilton believed that establishing the public credit of individuals would have the benefit of
accumulating property, and that effort created commerce and industry. Some of the examples he
gave were:
-Build a strong national debt.
-Complete funding of national debt.
-Establish a National Bank of United States.
-Growth of infant industries.
3. How does Hamilton propose paying off the previous debts? What problems could arise from
this, especially in paying back loans with grants of land?
The first issue that Hamilton handled as washingtons secretary concerned the issue of debt.
Governments at all levels had assumed such a great amount of debt during the Revolution. By
the late 1780 the estimation of such open protections had plunged to a little division of their
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