The landowners weren't in favor of this because they thought the value of land would increase if the value of bonds did, which would make it harder for them to purchase land (Gordon). The third part of Hamilton's report was to create a central bank, which would promote economic regularity and the creation of money (Matson). There were three main purposes for the central bank, which was designed around the Bank of England. It would be a source of loans for the government, and would regulate money supply. It also would be a place for the government to put its funds and to easily transfer money to other countries (Gordon). With all of Hamilton's difficulties and struggles to get his ideas out there, his financial program finally improved the nation's economic status (Gordon).
Throughout the whole book, Gordon discusses all of Hamilton's economic ideas. Gordon does a great job getting his thesis across and believes that in the end, all of Hamilton's ideas and plans were beneficial to not just that society, but our society today as well. In his conclusion, I feel that he does not have an exact explanation on how he feels about all of the economic ideas. He does get his point across about how Hamilton's ideas were the best, however, he does not fully explain his thoughts on the other ideas. It comes off that Gordon is just for everything Hamilton wants to do. I think he should elaborated more on what his thoughts about the other plans were. Did he ever agree with Jefferson? Would he change anything about Hamilton's ideas? These are just some of the questions I think Gordon should have discussed in his conclusion. .
I do agree with Gordon's arguments about Hamilton. I think Hamilton had very important and logical ideas to help the national debt, and his report on public credit really improved the nation's financial situation at a rapid pace. The House of Representatives asked Hamilton to support the public credit for high importance to national prosperity and honor (Edling).
