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What did Hamilton mean when he said in the report of manufactures that banks are the nurseries of national wealth?
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∙ 15y ago
What did Hamilton mean when he said in the report of manufactures that banks are the nurseries of national wealth ? Can anyone answer this for me please/!!!!!
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∙ 15y ago
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The main purpose of the moderate tariff that hamilton proposed in his report on manufactures was to?
mhm
What type of government did Hamilton believe in?
Hamilton was a Federalist who believed in a country with a strong federal government. For example, he wrote the Public Report on a National Bank, in which he suggested that the national government should create a bank to help get rid of Revolutionary War debt, even though some argued that it was a breach of the Constitution.
What were three proposals hamilton made to build a stronger economy?
Alexander Hamilton wanted to pay the government’s expenses. He was an economic conservative, with economic ideas similar to Washington’s. To pay the expenses he asked Congress for a 5 percent tariff on imports. But the government also needed to establish a good credit rating with other nations. The new government was already about $56 million in debt. Hamilton proposed several steps: 1. Fund the entire Confederation-era debt at face value. This would show the good faith of the new government. 2. Assume the state’s debts that had been contracted during and after the war. By paying back these loans, the government would again be showing its good credit. 3. The main pillar of Hamilton’s fiscal plan was to establish a Bank of the United States. The BUS would have power over other banks, and basically control the economy of the US. Sort of like the FED operates today. Hamilton lost out on the tariff increase as farmers feared it would cost them too much to purchase the manufactured goods they needed from Europe. He also lost out on a projectionist tariff, as the rates remained low.
Which of the following leaders was a prominent federalist?
There were 2 Federalist parties. The first Federalists were people at the Constitutional Convention who supported ratification. You could say the main leaders of that party were James Madison and Alexander Hamilton, who wrote the majority of the Federalist Papers, which were created to get the Constitution ratified in New York, and also Virginia. The second Federalist party actually was a political party. It was created in support of Alexander Hamilton, who George Washington appointed Secretary of the Treasury, and his economic policies (Report on the Public Credit, Report on the National Bank, and Report on Manufactures). Later the Federalists adopted more policies other than the economic ones. They had 3 main leaders: 1. Alexander Hamilton, who created the party because of his economic policies. The Federalists never nominated him for president, because to do so meant taking advantage of a constitutional loophole that would have infuriated Republicans (Hamilton was not from the colonies, but the West Indies). He, however, wouldn't have wanted it, and he would have made a terrible president. And he knew it. Even so, he controlled things from the sidelines and quietly sabotaged the people who he didn't think were fit for presidency, namely John Adams. When he died in 1804, the Federalist party slowly started to decline because its most ardent supporter, from every turn, was dead. 2. John Adams, the only Federalist president. He led the moderate faction of the party, distancing himself from the more ardent supporters and angling himself as a more moderate Federalist, certainly not "dangerous" or an "intriguer", which is what people thought Hamilton to be. In leading the moderate faction (and his mutual hatred with Hamilton), the Federalist party began to split. It didn't help that Hamilton, who despised John Adams as much as Adams despised him, wrote a 54 page essay in the election of 1800 denouncing Adams, who was from his own party. 3. John Marshall, Chief Justice of the Supreme Court for 34 years. After John Adams' leave from public office and Alexander Hamilton's untimely death, he became the sole Federalist in public office, and when he ruled in Supreme Court rulings, a lot of his ideas were drawn from the policies of the Federalist party.
Where can someone get a credit report from the government?
There are three national credit reporting companies, Experian, TransUnion, and Equifax. Any one of the three can provide a consumer with a free copy of their credit report once every 12 months.
Who authored the Report on Manufactures?
Alexander Hamilton
What point did Alexander hamilton make in his report on manufactures?
American manufactures should be protected from foreign competition
The main purpose of the moderate tariff that hamilton proposed in his report on manufactures was to?
mhm
What are three proposels made by Alexander Hamilton?
There were 3 Reports he wrote at the request of Congress and they are his three main proposals for the US economy. They are -- 1. Report on the Public Credit 2. Report on the National Bank 3. Report on Manufactures
What is the main idea and significance of the report on manufactures?
The "Report on Manufactures" was a proposal by Alexander Hamilton to promote industrialization and economic diversification in the United States. Its main idea was that a strong manufacturing sector was essential for national security and economic growth. The significance of the report lies in its impact on shaping American economic policy, leading to the establishment of protective tariffs and government support for industry.
What was Hamilton's first federalist program?
His economic programs were the first and only of his Federalist programs, since being Secretary of the Treasury was the only public office he held. They were outlined in 3 reports - -- Report on the Public Credit, which addressed the pressing issue of the national debt -- Report on the National Bank, which advised a national bank as the way to a strong economy -- Report on Manufactures, which advised for a diversified, urban, manufacturing economy
Alexander hamilton's recommendation for a national bank is an example of what?
Hamilton's "Report on a National Bank" was designed to facilitate establishment of public credit and to enhance the powers of the new national government.
What Were three other proposals Hamilton to build a strong economy?
1.report on the public credit 2.report on national bank 3report on manufacturing
What were three other proposals Hamilton made to build strong economy?
1.report on the public credit 2.report on national bank 3report on manufacturing
What has the author Diane E Hamilton written?
Diane E. Hamilton has written: 'First annual report of the National Hospital Rate-Setting Study' -- subject(s): Hospital care, Hospitals, Rates
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 type of government did Hamilton believe in?
Hamilton was a Federalist who believed in a country with a strong federal government. For example, he wrote the Public Report on a National Bank, in which he suggested that the national government should create a bank to help get rid of Revolutionary War debt, even though some argued that it was a breach of the Constitution.
