The Continental Congress received the proposed Constitution on September 20. It then voted to send the document to the state legislatures for ratification.
Hamilton resigned from Washington’s staff in February 1781 after three years as one of Washington’s closest aides. Although he was eager to acquire a battlefield command, while he waited for a new assignment, he continued his reading in political economy and finance. It was during this interlude that he wrote a long letter to Robert Morris, the newly named congressional superintendent of finance, congratulating him on his appointment, and offering his views on the requirements for establishing a sound credit and financial structure for the country. He ranged over topics from the amount of circulating media required, the tax burden sustainable by the nation, and a detailed plan for the creation of a national bank. Hamilton’s proposal for a bank was offered up as a means of making loans from Dutch bankers go further; stretching loans was a key concern, as it was by now the last resource Congress had, paper money issues having finally reached the point where another effort at note issue would simply not be accepted. Despite the ratification of the Articles of Confederation in February 1781, Congress was entirely dependent upon requisitions on the states.
FREE Ratification of the Constitution Essay - Example Essays
The people who supported the new Constitution, the Federalists, began to publish articles supporting ratification. Alexander Hamilton, James Madison, and John Jay eventually compiled 85 essays as The Federalist Papers. These supporters of the Constitution believed that the checks and balances system would allow a strong central government to preserve states' rights.