USA HISTORY

Detailed explanation-1: -Unlike Thomas Jefferson, who idealized agrarian society, Hamilton argued that manufacturing and commerce were also integral to modern economies. Hamilton believed that a diverse economy would make the nation wealthy and fulfill the potential of its citizens.

Detailed explanation-2: -Those challenges included the lack of a national currency, the national government’s inability to levy taxes, and the crushing war debt.

Detailed explanation-3: -The Hamiltonian economic program was the set of measures that were proposed by American Founding Father and first Secretary of the Treasury Alexander Hamilton in four notable reports and implemented by the United States Congress during George Washington’s first term.

Detailed explanation-4: -Hamilton’s debt program was a remarkable success. By demonstrating Americans’ willingness to repay their debts, he made the United States attractive to foreign investors. European investment capital poured into the new nation in large amounts.