Alexander Hamilton Quotes


A power to regulate trade, is a power to make all needful rules and regulations concerning trade. Why may it not, then, include that of erecting a trading company, as well as, in other cases, to erect a government ?


Citations

Alexander Hamilton, 1755-1804, Aide-de-camp to General Washington, Member of the Continental Congress and the Constitutional Convention, U. S. Secretary of the Treasury (Federalist, NY), Opinion as to the Constitutionality of the Bank of the United States : 1791

Sourced by: Eigen's Political and Historical Quotations

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During The Depression although business in general was doing very poorly, there were a few which had grown immensely powerful and abused the power as there was little or no regulation at the time.


He and others believe that no matter what regulatioms government officials might impose, Wall Street, the banks and financeers will find a way around the reulations.


Weaver was ahead of his time. 7 years later, Congress would pass the first Interstate Commerce Act that began to regulate the railroads. Many others would follow.


Alexander Hamilton
Alexander Hamilton
  • Born: January 11, 1755
  • Died: July 12, 1804
  • Nationality: American
  • Profession: Politician

Alexander Hamilton was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard, and the New York Post newspaper. As the first secretary of the treasury, Hamilton was the main author of the economic policies of George Washington's administration. He took the lead in the federal government's funding of the states' debts, as well as establishing the nation's first two de facto central banks, the Bank of North America and the First Bank of the United States, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, government-controlled banks, support for manufacturing, and a strong military.