Question and answer
What were the four major points of Hamilton's plan for a sound financial program for the United States? that states assume the debts of federal government establish a national bank
system government to be paid without using income taxes place excise taxes on certain goods for government operating money government assume states' war debts trade with warring nations establish a method of issuing of government bonds
The four major points of Hamilton's plan for a sound financial program for the United States: Answer: 1. The Interest-Bearing Federal Bond Program: Money invested into the federal government. This increases debt, but also redefines the debt. [ There are two types of debt: foreign (money owed by the federal government to foreign nations) and public (money owed by the federal government to its
people). We used to have foreign debt, but now we had public debt (which is the better debt to have). 2. Federal Assumption of State War Debt: The states had war debt, so the government says they will assume the debt and try to pay it off. This is to show the people that the government helps us, in response to Shay's Rebellion. 3. The First National Bank: A bank created and used by Congress to standardize financial policy for the states. This caused a dispute, and so to end the dispute, Hamilton agreed to move the national capitol from Pennsylvania down to Virginia in its own district called the District of Columbia. 4. The Hamilton Tax Plan: Tax Plan made up of two taxes: the Protective Tariff of 1789 and the excise tax on whiskey. The Protective Tariff of 1789 was a tax on imports to get Americans to buy more goods in the United States. This was because Alexander Hamilton was trying to start the manufacturing of goods in the United States. The excise tax on whiskey was a luxury tax because the people of the time drank whiskey like bottled water. This caused the Whiskey Rebellion. Altogether, Hamilton's tax plan helped to stabilize the Treasury of the United States and was very successful in being the first financial policy of the United States. Check the link for additional details: ]
Expert answered|bel007|Points 0|
Question
Asked 317 days ago|10/15/2013 6:46:12 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
England was late to establish colonies in other parts of the world because the English had political struggles leading to self-government and they had a fear of the Spanish. True False
Weegy: England was late to establish colonies in other parts of the world because the English had political struggles leading to self-government and they had a fear of the Spanish. This is false. (More)
Question
Expert Answered
Asked 321 days ago|10/11/2013 4:23:29 PM
0 Answers/Comments
17,168,966 questions answered
Popular Conversations
what is the mode of 3, 7, 9, 2, 5, 3, 4, 6, 1, 0 User: {3, 7, 9, 2, ...
Weegy: I assume you mean divided by and the answer would be 1 User: {3, 7, 9, 2, 5, 3, 4, 6, 1, 0} the mode of these ...
8/28/2014 10:48:20 AM| 3 Answers
x/8-6>2
8/28/2014 2:19:03 PM| 3 Answers
Control programs are also known as
8/28/2014 2:34:02 AM| 2 Answers
Which individual or entity is responsible for conducting long-range ...
Weegy: Logistics section is responsible for conducting long-range and/or contingency planning. ........... User: ...
8/28/2014 6:22:01 AM| 2 Answers
My Section supports the incident response by overseeing contracting ...
Weegy: Answer: Logistics section Chief
8/28/2014 6:22:50 AM| 2 Answers
4(x-7)=2
Weegy: x - 2 = 7 x = 7 + 2 x = 9 User: 4t-13=57
8/28/2014 7:05:07 AM| 2 Answers
14 · (4 + 3)-1
8/28/2014 10:27:42 AM| 2 Answers
The symbol for the hydronium ion is _____. H+ H3O- H3O+ OH-
Weegy: The symbol for the hydroxide ion is OH- .
8/28/2014 11:35:15 AM| 2 Answers
the largest consumers of water
8/28/2014 12:55:58 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2528 [Total 24128]| Ratings 4| Comments 2488| Invitations 0|Offline
S
L
1
L
Points 2108 [Total 6084]| Ratings 8| Comments 2028| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 2024 [Total 15638]| Ratings 11| Comments 1914| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1940 [Total 16967]| Ratings 6| Comments 1880| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1844 [Total 9551]| Ratings 2| Comments 1824| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 900 [Total 18471]| Ratings 0| Comments 900| Invitations 0|Offline
S
1
L
L
Points 548 [Total 5112]| Ratings 0| Comments 548| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 543 [Total 11204]| Ratings 1| Comments 533| Invitations 0|Offline
S
Points 384 [Total 587]| Ratings 1| Comments 374| Invitations 0|Offline
S
Points 366 [Total 366]| Ratings 2| Comments 316| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.