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How did Alexander Hamilton propose to raise prices on foreign products How did he do so?
Secretary of the Treasury, Alexander Hamilton sought to raise prices on foreign goods by applying tariffs that made those products more expensive than their American counterparts. He believed it was essential to put American companies at the advantage, and by increasing their cost, make European goods look less attractive to citizens.
How did Hamilton propose to encourage Americans to support local manufacturing?
Hamilton's main purpose and method of encouraging the growth of domestic business is by imposing tariffs on manufacturing foreign products across the world.
How did Alexander Hamilton propose to deal with the problem of 12 million of debt the US borrowed from the foreign nations during the revolutionary war?
issue new bonds and guarantee payment
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
Did Alexander Hamilton propose in the constitutional convention that the president and senators serve life terms?
True.
Why did Alexander Hamilton propose a meeting of the delegates?
To discuss trade issues and to consider changing the Articles of Confederation.
What did hamilton propose for a banking system?
answer
What did hamilton propose to help erase the nation's debt?
Alexander Hamilton drafted his First Report on the Public Credit to outline a plan for eliminating the national debt. He did this at the request of Congress in order to pay of the debt and establish national credit.
What two taxes did Hamilton propose?
Alexander Hamilton proposed two key taxes: the excise tax and the tariff. The excise tax was levied on specific goods, such as whiskey, to generate revenue for the federal government. The tariff was imposed on imported goods to protect American manufacturers and encourage domestic production while also raising funds for the government. These measures were part of Hamilton's broader financial plan to stabilize and strengthen the nation's economy.
Can the president approve a foreign treaty?
No. He can make and propose a treaty but it must be approved by congress.
Why did Alexander Hamilton propose paying the entire national debt at it's face value?
To restore the nation's economic credit so that the government could raise money in the future.
How did Hamilton propose to solve the nation's financial problems?
Alexander Hamilton proposed to solve the nation's financial problems through a series of measures known as his financial plan. He advocated for the federal government to assume state debts, establish a national bank to stabilize and improve the nation's credit, and implement tariffs and excise taxes to generate revenue. By consolidating debt and creating a strong financial system, Hamilton aimed to build confidence in the federal government and promote economic growth.
