MAKING OF A NEW NATION 1776 1800
THE WHISKEY REBELLION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Create a National Bank to issue money and handle government funds.
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Pay off all war debts
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A belief in industry being the most important to our economy
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A call to lower the expense on the navy and army
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Detailed explanation-1: -His belief was that a governmental power should be concentrated in the hands of those few men who had the talent and intelligence to govern properly for the good of all the people. Hamilton feared that if most power was given to states or peoplewould determine decisions, not what was best for everyone.
Detailed explanation-2: -As the first Secretary of Treasury, Alexander Hamilton had a vision for the economic foundation of the country. Its three major components were the federal assumption of state debts, the creation of a Bank of the United States, and support for the nation’s emerging industries.
Detailed explanation-3: -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.