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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.
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Alexander Hamilton the urged Congress to pass a protective tariff to encourage the growth of?
Alexander Hamilton urged Congress to pass a protective tariff to encourage the growth of industrialization. Alexander Hamilton was the Chief of Staff to the first President of the United States, George Washington.
How did Hamilton plan to raise money?
Alexander Hamilton wanted a protective tariff to protect American industry.
I like some time into it first Congress to pass a protective tariff to encourage the growth?
It was Alexander Hamilton who urged Congress to pass a protective tariff to encourage the growth of manufacturing. Alexander Hamilton was one of the Founding Fathers of the United States.
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.
Why did Alexander Hamilton support each of the following repayment of national and state debts national bank protective tariff?
Alexander Hamilton supported the repayment of national and state debts to establish the United States' creditworthiness and ensure financial stability, which would attract foreign investment. He advocated for a national bank to provide a stable currency, facilitate government transactions, and manage debts, thereby strengthening federal authority. Additionally, a protective tariff was seen as a way to promote American manufacturing by raising revenue and shielding domestic industries from foreign competition, ultimately fostering economic independence.
Alexander Hamilton the urged Congress to pass a protective tariff to encourage the growth of?
Alexander Hamilton urged Congress to pass a protective tariff to encourage the growth of industrialization. Alexander Hamilton was the Chief of Staff to the first President of the United States, George Washington.
How did Hamilton plan to raise money?
Alexander Hamilton wanted a protective tariff to protect American industry.
I like some time into it first Congress to pass a protective tariff to encourage the growth?
It was Alexander Hamilton who urged Congress to pass a protective tariff to encourage the growth of manufacturing. Alexander Hamilton was one of the Founding Fathers of the United States.
Was Hamilton for protective tariff?
yes he was
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.
Why did Alexander Hamilton support each of the following repayment of national and state debts national bank protective tariff?
Alexander Hamilton supported the repayment of national and state debts to establish the United States' creditworthiness and ensure financial stability, which would attract foreign investment. He advocated for a national bank to provide a stable currency, facilitate government transactions, and manage debts, thereby strengthening federal authority. Additionally, a protective tariff was seen as a way to promote American manufacturing by raising revenue and shielding domestic industries from foreign competition, ultimately fostering economic independence.
Why did many early American politicians like Alexander Hamilton and Henry Clay support a protectionist tariff policy?
They wanted to help America's new industries compete with foreign industries.
Alexander hamilton proposed a tariff to encourage US citizens to?
The reason that he proposed a tariff was to assist in paying off the national debt that had been created due to the war.
How successful was Hamilton's in persuading Congress to adopt his plan for a protective tariff based on his report on manufacturers?
He was not successful at all. He failed.
What did Hamilton want to do to create a stable economic system and strengthen the economy?
Alexander Hamilton wanted to build a bank. He also proposed tariff and national taxes
What is a tax placed on goods from another country to protect the home industry?
protective tariff
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).
