Alexander hamilton’s economic plan part 1: Alexander Hamilton Background

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Part 1: Alexander Hamilton Background

Part 2: Hamilton’s Economic Plan

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.

  1. Pay back the debt (Assumption)

  1. Create a National Bank

  1. Establish a Protective Tariff

  1. Create a Whiskey Tax

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