One of the most pressing problems that Secretary of the Treasury Alexander Hamilton was tasked with handling was the massive war debt incurred by the United States after the Revolutionary War. Hamilton recognized that this debt needed to be addressed in order to establish the country's creditworthiness and stability. He proposed a plan to consolidate the debt from both the federal government and the states, and create a national bank to manage it. This plan, known as Hamilton's financial system, played a crucial role in stabilizing the economy and establishing the United States' financial footing.
