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 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 10/11/2013 4:23:29 PM
0 Answers/Comments
17,968,363 questions answered
Popular Conversations
How is the infinitive phrase used in the sentence? Morning is the ...
Weegy: To go to college is my greatest ambition. The infinitive phrase "to go to college" is used as noun as subject. ...
10/24/2014 11:04:05 AM| 5 Answers
Brandon's huge collection of paper cranes come from his origami ...
Weegy: The correct sentence is: Brandon's huge collection of paper cranes comes from his origami hobby. User: ...
10/24/2014 7:48:30 AM| 3 Answers
William H. Crawford represented which ...
10/24/2014 7:25:41 AM| 2 Answers
Is the sentence compound, or is it simple with a compound verb? You ...
Weegy: Verb is a word (part of speech) that in syntax conveys an action (bring, read, walk, run, learn), an occurrence ...
10/24/2014 7:51:29 AM| 2 Answers
Which words are the first and last words of the participial phrase in ...
Weegy: Strapped into the roller coaster, I screamed in fear through the whole ride. The first and last words of the ...
10/24/2014 10:27:22 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2605 [Total 14980]| Ratings 0| Comments 2605| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1628 [Total 11109]| Ratings 4| Comments 1588| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 896 [Total 13125]| Ratings 0| Comments 896| Invitations 0|Offline
S
L
Points 605 [Total 2004]| Ratings 0| Comments 605| Invitations 0|Offline
S
1
L
L
Points 505 [Total 6299]| Ratings 3| Comments 475| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
L
Points 34 [Total 3572]| Ratings 2| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.