History of Europe

What were 3 main elements of Alexander hamiltons economic program?

1. Public debt. Hamilton believed that the federal government should assume the debts of the states, which had been incurred during the Revolutionary War. This would help to establish the creditworthiness of the United States and make it easier for the government to borrow money in the future.

2. Protective tariffs. Hamilton also advocated for protective tariffs, which would raise the prices of imported goods and make it more difficult for foreign companies to compete with American businesses. This would help to create jobs in the United States and boost the economy.

3. National bank. Finally, Hamilton proposed the creation of a national bank, which would help to regulate the money supply and facilitate trade. This would make it easier for businesses to obtain loans and would help to stabilize the economy.