First Report on the Public Credit – pertaining to the assumption of federal and state debts and finance of the United States government (1790). Hamilton included his plan to tax distilled spirits among other domestic goods to boost revenue. He thought that a tax on spirits would be the least objectionable way to make money, as it could be philosophically equated to a pigouvian or sin tax. However, his new tax set off the Whiskey Rebellion[2] which highlighted separation in social classes as rural Pennsylvanian farmers fought against the government. Eventually, the tax was repealed, but the incident greatly emphasized the government's willingness and ability to suppress violent resistance to its laws.[3]
American School (economics), the Hamiltonian American School of economics practiced by the United States from 1790s–1970s rooted in the three Reports, based on tariffs which built the American industrial infrastructure
Federalist Party, Hamilton's political party, which supported his program and pushed most of it through Congress[8]
