Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.
He wanted to break Britain's manufacturing hold on America. High tariffs were part of his proposal to aid the nation's infant industries.
Alexander Hamilton called for protective tariffs on imports to encourage domestic manufacturing and competition in a new nation
yes he was
Alexander Hamilton urged Congress to pass a protective tariff to encourage the growth of industrialization. Alexander Hamilton was the Chief of Staff to the first President of the United States, George Washington.
Alexander Hamilton wanted a protective tariff to protect American industry.
It was Alexander Hamilton who urged Congress to pass a protective tariff to encourage the growth of manufacturing. Alexander Hamilton was one of the Founding Fathers of the United States.
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
They wanted to help America's new industries compete with foreign industries.
Alexander Hamilton urged Congress to pass a protective tariff to encourage the growth of industrialization. Alexander Hamilton was the Chief of Staff to the first President of the United States, George Washington.
Alexander Hamilton wanted a protective tariff to protect American industry.
It was Alexander Hamilton who urged Congress to pass a protective tariff to encourage the growth of manufacturing. Alexander Hamilton was one of the Founding Fathers of the United States.
yes he was
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
They wanted to help America's new industries compete with foreign industries.
He was not successful at all. He failed.
protective tariff
The reason that he proposed a tariff was to assist in paying off the national debt that had been created due to the war.
Alexander Hamilton wanted to build a bank. He also proposed tariff and national taxes
Alexander Hamilton favored protective tariffs because it was an essential part of his financial plan. By protecting America's infant domestic economy, he won the favor of the wealthy classes (merchants and manufacturers).
A high tariff to limit foreign competition is called a protective tariff.