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Supporters of tariffs in the context of Alexander Hamilton's financial plan argued that they would protect emerging American industries from foreign competition, allowing domestic manufacturers to grow and thrive. Tariffs were seen as a means to generate revenue for the federal government, which was crucial for paying off national debt and funding public projects. Additionally, proponents believed that tariffs would help establish a strong, self-sufficient economy, reducing reliance on imports and fostering national pride.
What else can I help you with?
Under Hamilton's financial plan the main source of government revenue was?
Tariffs
Why did Jefferson oppose hamiltons financial plan?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
Who would benefit from hamiltons plan to fund the national debt?
your mom would. (;
Why was hamiltons plan to solve the crisis controversial?
it was t0 go and start a war
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.
Under Hamilton's financial plan the main source of government revenue was?
Tariffs
What was one of the constitutional debates surrounding Hamiltons financial plan?
One of the outcomes of the constitutional debate concerning the financial plan of Alexander Hamilton was the construction of the Treasury Department. Hamilton was the first Secretary of the Treasury.
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.
Why did Jefferson oppose hamiltons financial plan?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
What was hamiltons plan to repay debt?
Youmad bro?
What was one outcome of the constitutional debate surrounding Hamiltons financial plan?
One of the outcomes of the constitutional debate concerning the financial plan of Alexander Hamilton was the construction of the Treasury Department. Hamilton was the first Secretary of the Treasury.
Why did antifederalists oppose Alexander hamiltons's plan?
Why did Antifederalists oppose Alexander Hamilton's plan
What led Jefferson to oppose Hamiltons plan to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
Supporters of the Virginia Plan and supporters of the New Jersey plan ultimately agreed on the?
The Great Compromise
What was Alexander hamiltons 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.
Was Alexander hamiltons smart?
Yes. Have you read the Federalist? Have you seen his financial plan? The list of reasons why he is smart is endless, but I think it would be easiest to find information on those two things.
Supporters of the New Jersey Plan?
Supporters of the New Jersey Plan called for a legeslature in which each state had one vote.
