PLS 377 Lecture Notes - Lecture 3: Financial Institution, Twine
Document Summary
Influential reports to this day formed the basis of financial institution. Argument for a set of policies that they should create. Argument is in favor of promotion of manufacturing. He argues towards manufacturing, but still is very wary of agriculture. Hamilton"s job is to promote the economic interest of the new country. Does not want to step on anyone"s toes, which explains his tone towards manufacture vs. agriculture. Argued on the grounds of which are more productive. Purpose of the report is to convince the house of representatives to promote manufacturing to gain economic independence from other countries. Debate against agrarians and those who argue for commercial republic. There still are nevertheless respectful patrons of manufacturers. Agrees with jefferson, but at this point he argues for manufacturing. In most countries, agriculture is the most productive in other countries : where most of his argument stems from. However, his content is that only in a perfect world agriculture would strive.
