The Federalists and the Uses of Fiscal Powers
The Federalists and the Uses of Fiscal Powers
Offers brief sketches of the institutionalization of the military and fiscal powers granted by the US Constitution, and of the uses made of them by the Federalists in the 1790s. Gives an outline of the fiscal and financial policy of the Federalists, thereby assessing Alexander Hamilton's claim to have restored public credit while reducing the tax pressure on the citizens. Also looks at the fate of the Federalist program after the Federalists had lost power to the Jeffersonian Republicans.
Keywords: Federalism, financial policy, fiscal powers, Alexander Hamilton, institutionalization, Thomas Jefferson, public credit, Republicanism, tax burden, taxation, US Constitution, USA
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