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What did Hamilton want to do to create a stable economic system and strengthen the economy?
Wiki User
∙ 12y ago
Alexander Hamilton wanted to build a bank.
He also proposed tariff and national taxes
Wiki User
∙ 12y ago
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Which department is concerned with the efficient use of your national resources in order to create a more productive economy?
The department that is concerned with the efficient use of your national resources in order to create a more productive economy is the Bureau of Economic Analysis. This provides economic statistics including the GDP.
What type of economic system did Joseph Stalin create?
Stalin ruled over a state capitalist system, but he didn’t create it.
How would repealing Prohibition help the US economy?
It would lower the crime rate and create a better economic climate
What role do inventors play in economic development of the US?
Inventors create new ways for the economy to be developed, and new things to sell to stimulate the economy.
Name three things that hamilton wanted to do to create a stable economic system and strengthen the economy?
1) he wanted to pay off all of the state's debt to increase legitimacy of new central government 2) create a new central banking system 3) Make American manufacturers self adequate with protectionist policies made to hold up the developing manufacturing company.
Was Hamilton's economic measures were prompted by his determination to strengthen the national government?
This is true. Alexander Hamilton was a nationalist by belief and wanted a strong central government. As such, his economic changes were meant to fund the national debt and create a central bank.
Does globalization reduce national sovereignty in economic policy-making?
No, globalization does not reduce national sovereignty in economic policy making. In fact, globalization has been shown to strengthen incentives for governments to create a stronger economy.
Who wanted to create a national bank to help strengthen the economy of the US?
thomas jefferson
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.
What is the mission statement for the department of treasury?
Maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government's finances and resources effectively.From Treasury.gov
What were three proposal's Hamilton made to build a strong economy?
Create a national bank, a tariff and the creation of national taxes
What were the main components of Hamiltons 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.
Which department is concerned with the efficient use of your national resources in order to create a more productive economy?
The department that is concerned with the efficient use of your national resources in order to create a more productive economy is the Bureau of Economic Analysis. This provides economic statistics including the GDP.
What type of economic system did Joseph Stalin create?
Stalin ruled over a state capitalist system, but he didn’t create it.
Why do small firms exist?
Small firms exist because they help strengthen the economy. Smaller firms create jobs and pay taxes that help support the community.
How would repealing Prohibition help the US economy?
It would lower the crime rate and create a better economic climate
How did Hamilton's plan attempt to solve the nation's economic problems?
Hamilton improve the nation's finance: 1. Paying off all war debts 2. Raise government revenues 3. Create a national bank
