MAKING OF A NEW NATION 1776 1800
ALEXANDER HAMILTON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was not one of the financial problems that Alexander Hamiton helped fix?
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He created a national bank so the country had a place to keep their money
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He created a national currency, the same system used today.
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He created the tax system that is still used today.
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He raised money by charging tariffs on imported goods, and taxing products made in the U.S.
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Explanation:
Detailed explanation-1: -Government assumption of war debts. Funding for running the government. Focus on commerce and industry. Low inflation.
Detailed explanation-2: -Hamilton’s plan, furthermore, had another highly controversial element. In order to pay what it owed on the new bonds, the federal government needed reliable sources of tax revenue. In 1791, Hamilton proposed a federal excise tax on the production, sale, and consumption of a number of goods, including whiskey.
Detailed explanation-3: -He established a national bank, promoted manufacturing, and paid off US debts from the American Revolution. When Hamilton retired in 1795, he left the United States with the tools to support a thriving economy.
There is 1 question to complete.