Financial History 100th Edition Double Issue (Spring/Summer 2011) | Page 27

ambition to achieve greater things and as a means to escape his low social status by distinguishing himself in the military. Not long after the Battles of Lexington and Concord in April 1775, Hamilton recruited his King College reading group to form a militia company called the Hearts of Oak. His time became increasingly consumed by revolutionary activities, and he never finished his degree. Shortly after forming the Hearts of Oak, he organized and became the captain of the New York Provincial Company of Artillery. After several successful battles under his belt, Washington’s generals recognized that Hamilton was a rising star. In March 1777, Hamilton was promoted to officer and served as personal secretary and aide-de-camp to General George Washington, commander of the Continental Army. In this position he essentially served as Washington’s chief of staff, but Hamilton began to chaff under the administrative position, and after four years he returned to active combat. He transitioned to a commander of an infantry regiment and played a key role in the pivotal battle at Yorktown that marked America’s victory in the Revolutionary War. After Washington was elected as the first US President in 1789, he appointed Hamilton to be the first Secretary of the Treasury. Because import tariffs and tonnage duties were two of the few sources of revenue for the fledgling nation, it was Hamilton’s responsibility to defend the coasts and surrounding waters from smugglers and pirates, and to make them safe for legitimate trade. He was instrumental in the passage of the Tariff Act of 1790 that created the US Revenue Cutter Service (later known as the US Coast Guard) and the passage of the Naval Act of 1794, which was responsible for the creation of the Navy. Hamilton remained an arms distance away from the military until France threatened war in 1798. At the outset of the Quasi-War, Washington urged President Adams to appoint Hamilton as Inspector General of the US Army, a position in which Hamilton served until 1800. His military involvement served as a means to advance his career, but it was also a great source of personal pride. Hamilton distinguished himself in countless other arenas in addition to his military career, and was in many ways a Renaissance Man of his time. He was a prolific and gif