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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.
Why had Congress in enacted protective Tariffs such as the ones passed in 1828 in 1832?
to help american factories
Did Alexander Hamilton's financial plan pass or fail?
it passed
Before the Civil War one of the sectional differences that existed between the North and the South was disagreement over tariffs. Why had Congress enacted protective tariffs such as the ones passed in?
to help factories
How did the protective tariffs help American industry after the war of 1812?
The tariff was a protective tariff passed by the congress of the united states designed to protect industry in the northern united states. (:
Who had plans to set up a national bank?
Alexander Hamilton had plans to set up a national bank in the United States to establish a sound financial system, promote economic development, and centralize government control over monetary policy.
Why had Congress enacted protective tariffs such as the ones passed in 1828 and 1832 A.?
to help American factories
What age did Alexander Hamilton die?
There is some discrepancy as to Alexander Hamilton's birth year. It is recorded as being 1757, but Danish records lead historians to believe he was actually born in 1755. Having died in 1804, Hamilton was either 49 or 51.
Why did government pass tariffs?
the government passed tariffs to raise taxes
How much control does the president have over the tariff?
No the President can not set tariffs. Tariffs would require a bill to be passed which can only be done by the Congress.
Why protective tariffs created sectional disagreements?
When Congress passed protective tariffs to help Northern industries develop, many Southerners were forced to pay higher prices for imported goods they needed. The tariffs being high, caused the South to buy almost strictly from Northern industries and often those prices were high as well. This issue divided the North and the South. As far back as President Jackson's time, South Carolina, as an example tried too nullify US tariff laws.
What was Alexander Hamilton's plan for the national debt?
Because it proposed to pay Federal and state debts incurred during the Revolution in full, including interest (BTW, it passed).Read more: Why_was_Hamilton's_debt_plan_controversial
