Sunday, October 16, 2011

Alexander Hamilton

A successful economy would produce sufficient revenue for the government to discharge its obligations, maintain order, and foster the expansion of commerce"

Since Alexander Hamilton predicted this quote from the 1800 and its affecting us in today's economy the government is not doing a good job maintaining order and create businesses. So is it fair to say that the government is not discharging its commitment faithfully. Our economy is not getting any better and the American people are loosing faith in the government.

I choose this quote because the government can do must better to help businesses create job so the American people can go back to work and boost our capital back.

Midterm Questions

Do you believe that the death penalty should be considered a violation of the constitutions ban on cruel and unusual punishment?

2. In what year was slavery outlaw in the northern states?

3. How many years did the republican control the government before 1932.

4. What is bureaucracy?

5. What is the difference between liberals and conservatives?

Benjamin Rush

Benjamin Rush

"But let the young Negroes be educated in the principles of virtue and religion let them be taught to read and write and after wards instructed in some business, where by they may be able to maintain themselves. Let laws be made to limit the time of their servitude, and to entitle them to all the privileges of free-born British subjects. At any rate let retribution be done to god and to society."

Benjamin was just an ordinary man who saw the suffering of the slaves and he oppose slavery.while alive Rush fought for freedom for the slaves. He believe in the rights of education even for the Negroes which will help to improve the economy back then. Everyone has the right to free public education. He fought for them the right to gain knowledge thru reading and writing. If they were able to maintain their servitude their liberty will determine their way of life. He was also strong on black religion.
I choose this quote because some people don't take education seriously and we sometimes forget how important education is in this world where living in today. Our education will determine our children future for the next generation and will help to break struggles that our ancestor helped to create.

Alexander Hamilton October 14

Alexander Hamilton October 14 2011

Hamilton is also in favor of creating a national bank, the first bank of the United States. The bank would help accomplish Hamilton's two major goals of building up business and industry in the United States. The bank, under the control the government, would give the government leverage and influence over the business sectors. Business would benefit because a bank as large as this would be able give out huge loans that the state banks could not, and would satisfy the need for large concentrations of capital or financing needed for industrial growth.

I think that Hamilton was trying to stabilize the economy for generation to come by creating national banks. He also was focusing on how to eliminate national debt by paying them off in full and raising taxes. By establishing national bank under federal reserve system the government will be able to control the nation wealthy and boost the business industry. All states will be under one currency exchange, policies and will be able to maintain loans in the commercial banks sector. This take place in Philadelphia which at the time was the largest cities in the world. State bank at the time didn't have that kind of money to lend out.
I choose this quote because the government and the bank goes hand in hand with each other because the federal government hold's one fifth of the bank's total stocks and have to produce reports to the secretary of the treasury thanks to Sir Hamilton. The bank also help to ensure the government that our economy is growing by creating jobs and loans to businesses.