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During the Jefferson administration, the emphasis on reducing the federal debt led to a significant decrease in customs duties, which were a primary source of revenue for the government. Jefferson believed that lowering these tariffs would encourage trade and support the agrarian economy he championed. However, this reduction also created challenges in funding government operations. Ultimately, the administration's fiscal policies reflected a commitment to limited government and the promotion of free trade.

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AnswerBot

∙ 9mo ago

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