what was it about?
To address the debt issues during the first session of Congress, Alexander Hamilton  proposed national bank would provide credit to fledgling industries, serve as a depository for government funds, and oversee one nationwide currency.
Presidency of George Washington
Later in 1790, Hamilton issued another set of recommendations in his Second Report on Public Credit. The report called for the establishment of a national bank and an excise tax on distilled spirits. Hamilton's proposed national bank would provide credit to fledgling industries, serve as a depository for government funds, and oversee one nationwide currency. In response to Hamilton's proposal, Congress passed the Bank Bill of 1791, establishing the First Bank of the United States. Madison and Attorney General Randolph lobbied Washington to veto the bill as unconstitutional extension of the federal government's authority. Washington, having ten days to sign or veto the bill, sent their objections to Hamilton for comment. Hamilton persuasively argued that the Constitution granted Congress the power to establish the national bank. He asserted that the Constitution guaranteed "implied as well as express powers," and that government would be paralyzed should the latter not be acknowledged a
how did the first president to choose federal officials He chose by appointing all of the high-ranking officials in the executive and judicial branches, shaping numerous political practices. of which country was this? The United States. what was his name? George Washington. which political party did he belong to? The Federalist Party. when was he elected? During the 1788–89 presidential election which president was he, 1st, 2nd, 3rd? The first president of the United States. who was his vice- president? John Adams. what was the president's salary? An annual salary of $25,000. did he create any economic program? Yes, Hamiltonian economic program.
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Presidency of George Washington [SEP] Hamiltonian economic program
After the passage of the Tariff of 1789, various other plans were considered to address the debt issues during the first session of Congress, but none were able to generate widespread support. In September 1789, with no resolution in sight and the close of that session drawing near, Congress directed Secretary of the Treasury Alexander Hamilton to prepare a report on credit. In his Report on the Public Credit, Hamilton estimated that the state and federal governments had a combined debt of $79 million; he projected that the federal government's annual income would be $2.8 million. Drawing on the ideas of Robert Morris and others, Hamilton proposed the most ambitious and far-reaching economic plan that had ever been advanced by an American, calling for the federal assumption of state debt and the mass issuance of federal bonds.