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Some characteristics of Alexander Hamilton's vision for future of the United States of America included a capitalist economy, a central bank to issue currency, economic self-sufficiency, and protectionist and mercantilist policies.
Alexander Hamilton was chosen by George Washington to be the treasury secretary and oversee the federal economic policy. Hamilton strongly believed in a modern capitalist economy.
He advocated for a federal principle as the basis for a national financial institution. This would be the Bank of the United States, modeled on the Bank of England. This central bank would have the authority to issue a stable paper currency.
Hamilton was concerned with the dependence of the American economy on imports, particularly of British manufactured goods. So, he called for making the American manufacturing sector self-sufficiency, which would help boost industrialization.
He also formulated a protectionist and mercantilist economic policy through the use of subsidies and tariffs.
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