One of the pressing problems facing George Washington and his new administration was the economical and financial strains of America. The state government had accumulated a massive debt and with continued interest, was growing at astronomical rates. To the United States, the cost of Britain's victory in the Seven Years' War was immense and was the beginning of America's financial and economical down fall. How was America going to correct its economical and financial situation? An economical program brought fourth by Alexander Hamilton was the cause for optimism. Hamilton's economic program was to resolve America's economical and financial constraints and enable America to grow into a prosperous and powerful nation. According to Alexander Hamilton's economical program, America needed to install a system of public credit, create a national bank and help aid the nation's industries. If these three steps were undertaken by George Washington's administration, it would lead to a revitalized American economy and vault America into a leading economical and financial power.…
