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September 11, 2006

Alexander Hamilton Appointed First Secretary of Treasury

As Secretary of the Treasury under George Washington, Hamilton presented a far-reaching financial program to the first Congress. He proposed that the debt accumulated by the Continental Congress be paid in full, that the federal government assume all state debts, and that a national bank be chartered. He also advocated a tariff on imported manufactures and a series of excise taxes, hoping these measures would strengthen the national government. Hamilton was mortally wounded in a duel with whom?
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