Critique on the Hamiltonian economy question

This had to be the most simplistic of the two questions. It's basic memory recall unlike question #1 that asked the writer to critically think by taking many events and then focusing on perhaps three events. The question on Hamilton's economic policy was to gauge your understanding on a very complex system of government control of the nation's finances. Also, you need to  discuss is how each of these plans fit together? No one made this connection... and if you did, please see me to allow me to apologize to your face, and then to the entire class. My bet is that I won't have to do this!


Hamilton's three part-plan is broken into:

• Report of Public Credit;
• and the word "assumption" or, "to assume" should have appeared (as well as "bond speculators");
• Report on the National Bank;
• and perhaps an explanation of how the board of directors is make up,
• the specific purpose of the bank (many of you who tried to explain were inaccurate),
• Report on Manufacturers;
• Know that this was mainly a "tariff" to assist domestic manufacturing (why would you even try to make things up here?).

Simple recall until you get to the fact that the report on public credit originates from the very beginning the formation of the 2nd Continental Congress. Perhaps the first amazing fact about AH's plan is it would honor ALL debts since declaring independence (including the government operating under the "Articles" as well as the states' and each citizens' debt, ie, "assumption."

Then here are some other facts that you could have touched on:

• Shays' Rebellion;
• $50 million in debt... 10 years AFTER the War;
• AH wanted to create a class of the "super-rich" (and you should explain how this super-rich class would fit into the other three "plans" of AH's!);
• AH believed in the new national government having a permanent debt.

Perhaps half of you did explain the controversy surrounding the constitutionality of creating a National Bank, but I believe none of you associated the controversy surrounding the "assumption."

I look forward to opening a dialogue on AH's plan, since it forms the basis of how US conducts business past, present and future.