WebIn the long run, Hamilton’s financial program helped to rescue the United States from its state of near bankruptcy in the late 1780s. His initiatives marked the beginning of an American capitalism, making the republic creditworthy, promoting commerce, and establishing a solid financial foundation for the nation. WebExpert Answer. Transcribed image text: Alexander Hamilton's financial plan included all of the following EXCEPT O Federal assumption of state debts Federal commitment to …
Chapter 10 review Flashcards Quizlet
WebThe first part of Hamilton’s plan involved federal “assumption” of state debts, which were mostly left over from the Revolutionary War. The federal government would assume responsibility for the states’ unpaid debts, which totaled about $25 million. Second, Hamilton wanted Congress to create a bank—a Bank of the United States. WebAs Treasury Secretary, Hamilton designed a financial system that made the United States the best credit risk in the western world. The paramount problem facing Hamilton was a huge national debt. He proposed that the government assume the entire debt of the federal government and the states. highfield livestream
Federalist Party: Leaders, Beliefs & Definition - HISTORY
WebJan 9, 2024 · Hamilton's financial plan consisted of three things. The first was the central government's assumption of the state's war debts to increase national unity and the … Web1 day ago · After Washington’s inauguration in 1789, Congress and members of the president’s cabinet debated proposals of Alexander Hamilton (first secretary of the treasury) that the national government... WebHamilton wanted congress to pass a high tariff, a tax based on imported foreign goods to protect American industries from foreign competition National bank A national … how hot can coconut oil get