hamilton propsed that the federal gov't assume payment of the debts contracted by the states during the revolution. to pay the combined state and federal debt, he devised a financial plan, which was that the nat'l gov't borrow money to be repaid over a long period. he advocated a nat'l bank to help administer the program, and submitted a variety of taxes to pay for it. as the gov't built financial reserves, it would depositthe money into the nat'l bank. then the bank would lend out providing capital for planters and businessmen. a substantial portion of the revenue is to be paid off the debt would come form high tarrifs on imported good, the tarrifs would protect new American industries from cheap foregin competition. objections to the plan was by the antifederalists, who thought that these actions would place power and control in the hands of the few wealthy merchants and businessmen
Well, I have no idea this is my question for every one and I can't seem to find it anywhere... BUt any who haw are u imjust fine if you were to ask me maybe a lil sad but you know always get over that welll ttyl byes
Hamilton pressed for the federal govt and assume all debts of the states.
Est. a national bank to collect debts.
Tax on whiskey so that would pay off the debt.
Impose a tariff and govt subsidies
most favorable to eastern merchants
Alexander Hamilton
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
it passed
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Alexander Hamilton's Financial Plan was a collection of three reports that Hamilton forwarded at the American parliament under the administration of George Washington. The three reports that constituted Alexander Hamilton's financial plan were known by the names of First report on public credit, second report on public credit and the report on manufacturers.
Alexander Hamilton
Alexander Hamilton
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Alexander Hamilton did not purchase territory from Spain.
Alexander Hamilton
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
it passed
Alexander Hamilton
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Alexander Hamilton's Financial Plan was a collection of three reports that Hamilton forwarded at the American parliament under the administration of George Washington. The three reports that constituted Alexander Hamilton's financial plan were known by the names of First report on public credit, second report on public credit and the report on manufacturers.
Alexander Hamilton(:
southerners opposed Alexander Hamilton's financial plan because it only helped the north and not the south so they got pissed and tried to rebell