What was Hamilton's domestic program?

Answer 1

Alexander Hamilton's domestic program, established in the early 1790s, aimed to stabilize the American economy and strengthen the federal government. Key components included the assumption of state debts by the federal government, the establishment of a national bank to facilitate commerce and manage debt, and the implementation of tariffs to protect budding American industries. His program sought to create a robust financial system that would promote economic growth and foster national unity. These policies laid the foundation for the modern American financial system but also sparked significant political opposition, particularly from Thomas Jefferson and his followers.