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What was one of Jackson goal as president?

eliminating the national debt, rotating government jobs, evening out tariffs, removing Indians west of the Mississippi, and reforming the Second Bank of the United States


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.


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.


He supported a national bank and protective tariffs?

thomas Jefferson


How do you change the macro economic police bank?

bank how to changes in macro economic police


How did George Washington help fix the economy when he was president?

He fixed it with the help of his Secretary Of Treasury Alexander Hamilton. Hamilton initiated an economic plan that included a national bank, excise tax, assumption of states' debts,and tariffs.


What were Andrew Jackson's policies on banking and tariffs How did they evolve Do you think those policies helped or hurt the American economy and Why?

Banking: Jackson was strongly opposed to a national bank, thus leading to the Bank War. Against the will of the people, Jackson refused to renew the charter for the Second Bank of the United States. Economically, this caused the end of Clay's American System and led to an economic policy known as "laissez faire." Basically, the key idea in laissez faire is that the government has little decision making power in commercial interests. This is our current system and many believe that it was one of the main causes in our recent economic recession. Shortly after this Bank War and economic change there was a recession. Coincidence? I think not. Thus, I believe that it hurt American economy. Tariffs: Jackson strongly supported tariffs and believed that they would protect the US' industry and make foreign imports more expensive (thus promoting people to buy locally). However, many people were upset with this, including the south. His policy hurt the southern economy and led to the Nullification Crisis. Good or bad is your decision, but those are the bare facts.


The role of world bank in the economic development of Pakistan?

role of world bank in economic development of pakistan


Who fought for his program of international improvements high tariffs And a stronger national bank?

Daniel Webster


What has the author Jason A Kirk written?

Jason A. Kirk has written: 'India and the World Bank' -- subject(s): World Bank, Foreign Loans, Economic assistance, Economic conditions 'India and the World Bank' -- subject(s): World Bank, Foreign Loans, Economic assistance, Economic conditions


What does the term American system mean?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.


What does American system means?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.