Alexander Hamilton Financial Plan

As a result of the tough economic measures, there was a need to develop a plan that could help the country from salvaging itself from the massive debts that gad agreed due to the American revolution that also had brought significant changes on how the country run end and the general outlook of the country. In general, the country had debts from various sources which include $54 million that the federal government was owed and also the $25 million owed on the states. This was a considerable sum of money back then, and hence there was a need to develop a coherent plan that would salvage the situation and also provide amicable solutions to these problems that were threatening to tear the country’s economic stability (Chernow 139) Therefore, the president assigned Alexander Hamilton who was 32 years then with the reasonability of developing a coherent plan that will salvage the situation that had become so much intense.