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hamilton propsed that the federal gov't assume payment of the debts contracted by the states during the revolution. to pay the combined state and federal debt, he devised a financial plan, which was that the nat'l gov't borrow money to be repaid over a long period. he advocated a nat'l bank to help administer the program, and submitted a variety of taxes to pay for it. as the gov't built financial reserves, it would depositthe money into the nat'l bank. then the bank would lend out providing capital for planters and businessmen. a substantial portion of the revenue is to be paid off the debt would come form high tarrifs on imported good, the tarrifs would protect new American industries from cheap foregin competition. objections to the plan was by the antifederalists, who thought that these actions would place power and control in the hands of the few wealthy merchants and businessmen
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Who wrote a financial plan for the United states?
Alexander Hamilton
As secretary of the treasury what was Alexander Hamiltons main job?
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Did Alexander Hamilton's financial plan pass or fail?
it passed
What As secretary of the Treasury what was Alexander Hamilton's main job?
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
What was Alexander hamiltons financial plan?
Alexander Hamilton's Financial Plan was a collection of three reports that Hamilton forwarded at the American parliament under the administration of George Washington. The three reports that constituted Alexander Hamilton's financial plan were known by the names of First report on public credit, second report on public credit and the report on manufacturers.
Who wrote a financial plan for the United states?
Alexander Hamilton
Who develop a plan to address federal financial problems?
Alexander Hamilton
As secretary of the treasury what was Alexander Hamiltons main job?
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
What did Alexander Hamilton not do as secretary of the Treasury?
Alexander Hamilton did not purchase territory from Spain.
Who was the financial genius in Washington's administration?
Alexander Hamilton
What was the Secretary of treasury Alexander Hamilton main job?
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Did Alexander Hamilton's financial plan pass or fail?
it passed
Wrote the first financial plan for the US?
Alexander Hamilton
What As secretary of the Treasury what was Alexander Hamilton's main job?
Alexander Hamilton's main job as Secretary of the Treasury was to deal with the government's financial issues.
Who was the first head of the department of dealt with financial matters?
Alexander Hamilton(:
What was Alexander hamiltons financial plan?
Alexander Hamilton's Financial Plan was a collection of three reports that Hamilton forwarded at the American parliament under the administration of George Washington. The three reports that constituted Alexander Hamilton's financial plan were known by the names of First report on public credit, second report on public credit and the report on manufacturers.
Why did many Southerners oppose Alexander Hamilton's financial plan?
southerners opposed Alexander Hamilton's financial plan because it only helped the north and not the south so they got pissed and tried to rebell
