Hamilton developed a 4-point plan to solve the new nation’s financial problems. Hamilton knew that the new government–like any person–had to pay its debts in order to establish credit. When a country spends more money than it takes in, it is operating under a deficit. This is the problem that Hamilton set out to fix.
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Pay back the debt (Assumption)
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Create a National Bank
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Establish a Protective Tariff
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Create a Whiskey Tax
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