0
- It gave more money to the government.
- It tried to make Americans buy American-Made goods:)
Coby Schumm
Add your answer:
Earn +20 pts
Under Hamilton's financial plan the main source of government revenue was?
Tariffs
Why did Hamilton want new tariffs?
Hamilton wanted new tariffs in order to protect and promote American industries. He believed that imposing tariffs on imported goods would make American-made products more price-competitive and encourage domestic manufacturing. Additionally, tariffs would also generate revenue for the government, which could be used to pay off the national debt and fund other essential government functions.
Why did Alexander Hamilton support the protective tariff?
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.
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.
Who opposed Alexander Hamilton's tariff policy on part because they believed thqt hogh tariffs would cause problems?
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
What was Alexander Hamilton's justification on protective tariffs?
nothing
How did Hamilton deal with national debt?
tax on whiskey and tariffs
Under Hamilton's plan the main source of government revenue was?
Tariffs
Under Hamilton's financial plan the main source of government revenue was?
Tariffs
What was hamilton' s financial plans main source of revenue?
The main source of revenue was tariffs.
Whose different philosophies and viewpoints can the formation of political parties be traced to?
The formation of political parties can be traced to different philosophies and viewpoints from thinkers such as John Locke, who emphasized individual rights and limited government, and Karl Marx, who focused on class struggle and the need for a revolution to achieve equality. Additionally, ideologies like conservatism, liberalism, socialism, and others have also influenced the formation of political parties based on their varying ideas about the role of the state and society.
Why did Hamilton want new tariffs?
Hamilton wanted new tariffs in order to protect and promote American industries. He believed that imposing tariffs on imported goods would make American-made products more price-competitive and encourage domestic manufacturing. Additionally, tariffs would also generate revenue for the government, which could be used to pay off the national debt and fund other essential government functions.
Why did Alexander Hamilton support the protective tariff?
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.
What were main components of Hamilton's economic plan?
The main components of Hamilton's economic plan were to raise tariffs, make states to agree to pay debts and create a national bank. There were different arguments regarding this plan but eventually Hamilton won.
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.
Who opposed Alexander Hamilton's tariff policy on part because they believed thqt hogh tariffs would cause problems?
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
How did hamilton plan to protect US merchants?
Hamilton planned to protect the US merchants by imposing high tariffs on imported goods. This in turned would cause Americans to buy goods made in the US.
