Hamilton created the First Bank of the United States

As Treasury secretary, Alexander Hamilton proposed the First Bank of the United States to stabilize national finances—serving as the government's fiscal agent, managing debt, and expanding credit through a public-private banking model.

Alexander Hamilton consolidated the states' debts, implemented a tax system, and established a national bank.

Hamilton founded what many regard as the first commercial bank in the United States

In 1784, Alexander Hamilton helped found the Bank of New York, which initially operated without a charter, financed early federal operations, provided what is considered the US government's first loan, and became the first stock traded on the New York Stock Exchange.

Hamilton's tax on whiskey sparked the first armed rebellion against US federal authority

As Treasury secretary, Alexander Hamilton designed an excise tax on whiskey that provoked violent resistance in western Pennsylvania. The Whiskey Rebellion ended when George Washington mobilized state militias under federal authority to enforce the law.

Alexander Hamilton played a significant role in creating the American system of government

From 1787 to 1788, Hamilton, James Madison, and John Jay anonymously published a collection of essays known as the Federalist Papers to promote the new Constitution. Of the 85 essays that proved pivotal to the eventual ratification of the document, Hamilton wrote 51.

Hamilton has appeared on US paper currency since the Civil War

Since the US began printing money in 1861, Alexander Hamilton has appeared at different times on the $5, $2, $20, $50, $500, and $1000 bills. Since 1928, he has remained on the $10 bill—making him, alongside Benjamin Franklin, one of the two non-presidents currently on US currency.

Hamilton was one of Washington's aides during the Revolutionary War

During the Revolutionary War, Alexander Hamilton served as a key aide to George Washington, handling correspondence, strategy, and coordination, and serving as a trusted intermediary between Washington, Congress, and senior military leaders.

The rivalry between Alexander Hamilton and Thomas Jefferson centered on federalism—the question of how much power the federal government should hold relative to the states.

Alexander Hamilton and Thomas Jefferson clashed over how power should be divided in the new republic—Hamilton favoring a strong national government with broad implied powers, and Jefferson warning that such authority would erode state power and threaten republican liberty.

The federal government's decision to pay off the states' Revolutionary War debts required a new tax, which sparked an armed rebellion. 

Hamilton proposed one of the strongest visions of national government

At the Constitutional Convention, Alexander Hamilton advanced a plan modeled partly on Britain's system, calling for a powerful national executive and for senators to serve for life (with good behavior)—proposals that failed to gain widespread support.

The Compromise of 1790 broke a deadlock over debt and the national capital

In 1790, Alexander Hamilton, James Madison, and Thomas Jefferson reached an agreement that allowed Congress to assume the states' war debts and to approve a permanent national capital on the Potomac River.

Read the financial advice America's founding fathers gave, including Benjamin Franklin, Thomas Jefferson, and Alexander Hamilton.

Hamilton learned about global trade before he was a teenager

Before he moved to America, Hamilton worked as a clerk around age 12 at the Caribbean trading firm Beekman and Cruger, handling shipping documents, inspections, and port logistics. He eventually managed the day-to-day operations of a trading charter that immersed him early in Atlantic commerce.

The Tariff Act of 1789 was one of America's first acts.

One of Hamilton's first published works was an anonymous pamphlet

While on a scholarship at King's College, Alexander Hamilton anonymously published a series of political pamphlets defending the Continental Congress, engaging in a sustained, sharply argued back-and-forth with loyalist writer Samuel Seabury that drew wide attention.

Explore the life and presidency of George Washington, whose two terms in office were defined by precedent-setting, restraint, and institution-building.

As the first president, Washington established lasting norms: enforcing civilian control of the military rather than placing it in the hands of generals, forming a Cabinet, asserting federal authority during the Whiskey Rebellion, and voluntarily stepping down after two terms.

The history of bankruptcy in the US dates back to the signing of the Constitution

In 1787, this founding document gave Congress the right to establish nationwide bankruptcy laws. Legislators took advantage of that power in 1800 when they passed the Bankruptcy Act of 1800, the first comprehensive bankruptcy law at the federal level.

George Washington set the template for the presidency

As the first US president, George Washington established key traditions still followed today—forming a Cabinet, serving only two terms, asserting executive independence, and peacefully transferring power—helping define how the presidency would function.

Hamilton's endorsement helped win Jefferson the presidency

In the 1800 presidential election, neither candidate won a majority in the Electoral College, sending the decision to the House of Representatives. After 36 failed votes, Alexander Hamilton lobbied for his ideological rival, Thomas Jefferson, over Aaron Burr, helping break the deadlock.

Andrew Jackson was the first and only president to eliminate the national debt.

Adams had a deep contempt for Alexander Hamilton

Adams regarded him as dangerously ambitious and untrustworthy. Her letters are among the most vivid contemporary assessments of Hamilton, providing a portrait of one of the founding era's most contentious figures.

Hamilton publicly admitted to an affair to rebut corruption charges

In 1797, Alexander Hamilton published the Reynolds Pamphlet, confessing to an extramarital affair and blackmail payments to disprove accusations of financial corruption—clearing his name legally but ruining his reputation.

Hamilton opposed slavery in principle but participated in the institution

Alexander Hamilton spoke against slavery, helped found the New York Manumission Society, and supported gradual emancipation while also participating in transactions involving enslaved people through his in-laws—and possibly within his own household, though historians debate this.

The US has carried debt since 1791

After the Revolutionary War, the US owed $75M to nations like France. Debt builds when spending exceeds revenue, funding programs, wars, and economic recovery efforts. Most debt is domestic, like Social Security bonds, with foreign nations also holding a share.

Critics argued Hamilton prioritized central power over popular sovereignty

This podcast examines Hamilton's belief in expansive federal power and why he was repeatedly labeled a monarchist—tracing how his calls for a strong executive, his life-tenure proposals at the Constitutional Convention, and his admiration for British stability fueled accusations that he favored centralized power over republican rule.

Alexander Hamilton's birth year is still disputed

Although Hamilton claimed a 1757 birth, records, newspaper accounts, and later biographers suggest his actual birth year was 1755, leaving historians unsure of his true age when he arrived in America.

Hamilton's formal education was cut short by the Revolutionary War

Enrolled at King's College, Alexander Hamilton planned to graduate in just a few years, racing through an intense curriculum, before the Revolutionary War interrupted his studies and he joined a New York volunteer militia.

In 1792, Congress established the first national mint to produce all the coins in the US

At the same time, the US also started producing the dollar, its first official currency. The US Mint has since issued coins throughout the country.

Early Americans hated the idea of a central bank

After a series of economic panics induced by a lack of reserve cash at regional banks, the architects of today’s Federal Reserve opted to emphasize the goal of the bank as a reserve at the federal level—thus creating the lasting name.

The Judiciary Act of 1789 created the foundation of the federal justice system

Passed by the First Congress, the Judiciary Act of 1789 established the federal court system, the Office of the Attorney General, and the US Marshals Service—the first law concerning national law enforcement and legal administration.

Alexander Hamilton argued in Federalist 69 that the president's military authority was far more limited than a king's

Hamilton wrote that the president's commander-in-chief role amounted to little more than the authority to command the military, while the powers to declare war, raise armies, and regulate fleets belonged to the legislature. He contrasted this with the British king to argue that the executive posed no threat of tyranny.

The portrait of George Washington was first placed on the one-dollar bill in 1869

Trace the history of the US dollar from its colonial roots to its adoption as the national currency. The video explores the word's Germanic origins, how the dollar sign evolved from the Spanish peso, and how Washington's portrait came to define US paper currency.

A letter about a hurricane helped launch Hamilton's life in America

After a hurricane severely damaged the Caribbean island of St. Croix, Alexander Hamilton wrote a vivid letter that was later published and impressed local business leaders, who took up a collection to send the teenager to North America for schooling.

Central banking in the US has had a fraught political history

That history includes its doomed early efforts in the First and Second National Banks, as well as its failure to address the worst financial period in US history, the Great Depression.

Hear a leading historian discuss the life and legacy of Alexander Hamilton

Historian Joanne Freeman discusses Hamilton's reputation, personality, and political world. The discussion distinguishes between historical record and myth and reflects on how the musical reshaped public understanding of his life.

In 1804, Alexander Hamilton was mortally wounded in a duel with Aaron Burr

The fatal duel between Alexander Hamilton and Aaron Burr followed years of political rivalry. Hamilton had criticized Burr's character and fitness for office, prompting Burr to demand a retraction, which ultimately led to the deadly encounter.

Madison was America's first president during a formally declared war

During James Madison's presidency, Congress formally declared war on Britain in 1812 over its practice of seizing American sailors, trade restrictions, and repeated violations of US sovereignty—marking the first time a sitting American president led the nation through a declared war.

An early version of the musical 'Hamilton' debuted at the White House

Years before the musical "Hamilton" reached Broadway, Lin-Manuel Miranda performed an early draft of the opening song at the White House during a 2009 poetry event attended by President Obama.

The Articles of Confederation were the first governing documents of the United States

Drafted in 1777 and ratified in 1781, the articles created a weak national government without the ability to tax or regulate commerce. This led to problems for the new nation, necessitating the Constitutional Convention in 1787.