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In 1787, Alexander Hamilton argued in a long speech before that year's Constitutional Convention that the leader of the newborn United States should be an elective monarch for life unless impeached and with extensive powers. Hamilton believed that elective monarchs had sufficient power domestically to resist foreign corruption, yet there was enough domestic control over their behavior to prevent tyranny at home. This was resoundingly voted down in favour of the four year term presidential system.
What if Hamilton was taken seriously and the Convention voted in favour of a elective monarchy?