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Four Part Plan:

  1. pay all of our debts( in full)

-funding in par:pay debts at 100% face value

-assumption=federal government takes all of the states' debts(all states are tied together)

-compromise: if all accept assumption clause, big change must occur: Capitol must be in South (Virginia, DC)

  1. tax/tariff on all imports

-(long term view that America would become an industrial country) America would be successful

  1. tax on whiskey

    -more taxation without representation, blames Hamilton

    -Whiskey Rebellion

    -is the government strong enough to maintain this tax?

    -Washington crushes revolt, 13,00 troops

    New Government is strong, they handled it

  2. national bank

  • store government money

  • lend to industry

  • Print money

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11y ago
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4d ago

Alexander Hamilton proposed a plan to assume state debts and establish a national bank to manage finances effectively. He also advocated for imposing tariffs and excise taxes to generate revenue for the federal government. Hamilton's financial policies set a precedent for a strong centralized government with the ability to manage debt and promote economic growth.

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Q: Describe the methods and policies Alexander Hamilton used to put the federal government on a sound financial footing?
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