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Why did Alexander Hamilton support the protective tariff?
Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.
Who opposed Alexander Hamilton's tariff policy on part because they believed thqt hogh tariffs would cause problems?
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy in part because they believed that high tariffs would cause problems for?
Small Farmers, cause Alexander Hamilton's policy supported big business owners :P
How did Hamilton propose to encourage Americans to support local manufacturing?
Hamilton's main purpose and method of encouraging the growth of domestic business is by imposing tariffs on manufacturing foreign products across the world.
Where did Alexander Hamilton recommended that the federal government raise revenue through?
The United States acquired $77 million dollars in debt from the Revolutionary War. In order to pay for it, Alexander Hamilton, as Secretary of Treasury wanted to rely on excise taxes and tariffs to pay it off so there was no need for an income tax.
What was Alexander Hamilton's justification on protective tariffs?
nothing
Why did Alexander Hamilton support the protective tariff?
Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.
Who opposed Alexander Hamilton's tariff policy on part because they believed thqt hogh tariffs would cause problems?
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy.
Did Thomas Jefferson and James Madison support raising tariffs to protect American industry from foreign competition?
Yes they did.
What economy did Alexander Hamilton choose?
Alexander Hamilton chose to support a strong, centralized federal economy that emphasized industrialization and manufacturing. He believed in a robust national government that could foster economic growth through the establishment of a national bank, protective tariffs, and support for infrastructure development. Hamilton's vision aimed to create a diverse economy that could compete with European powers, moving away from an agrarian-focused economy predominant in the early United States. His policies laid the foundation for the modern American economic system.
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy in part because they believed that high tariffs would cause problems for?
Small Farmers, cause Alexander Hamilton's policy supported big business owners :P
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.
How did Hamilton propose to encourage Americans to support local manufacturing?
Hamilton's main purpose and method of encouraging the growth of domestic business is by imposing tariffs on manufacturing foreign products across the world.
What primary issues did Thomas Jefferson and Alexander Hamilton disagree?
tariffs on imported goods the role of states' rights powers of the federal government provided in the Constitution
Where did Alexander Hamilton recommended that the federal government raise revenue through?
The United States acquired $77 million dollars in debt from the Revolutionary War. In order to pay for it, Alexander Hamilton, as Secretary of Treasury wanted to rely on excise taxes and tariffs to pay it off so there was no need for an income tax.
What was Alexander Hamilton's position on protective tariffs?
Alexander Hamilton favored protective tariffs because it was an essential part of his financial plan. By protecting America's infant domestic economy, he won the favor of the wealthy classes (merchants and manufacturers).
Did New Hampshire tried to nullify laws raising tariffs?
no
