You have new items in your feed. Click to view.
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
Theodore Roosevelt led the Rough Riders in an attack on San Juan Hill. True False
Question
Updated 164 days ago|2/11/2016 4:54:17 AM
1 Answer/Comment
Theodore Roosevelt led the Rough Riders in an attack on San Juan Hill. TRUE.
Added 164 days ago|2/11/2016 4:54:17 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [2/11/2016 5:10:28 AM]
25,773,726 questions answered
Popular Conversations
Plants cannot grow without ...
7/23/2016 12:28:58 AM| 2 Answers
The Taiping Rebellion was centered in: A. Mongolia. B. Manchuria. ...
Weegy: The answer is letter A. All foreigners were expelled from China.
7/23/2016 3:58:56 PM| 2 Answers
Where is carbon taken in by plants during photosynthesis stored?
Weegy: Photosynthesis is a process in which green plants use energy from the sun to transform water, carbon dioxide, ...
7/24/2016 5:39:13 AM| 2 Answers
What is the major irony in the poem “Ballad of Birmingham” by Dudley ...
Weegy: Fighting for freedom has consequences. [ is the theme of Ballad of Birmingham? by Dudley Randall ...
7/24/2016 8:13:44 AM| 2 Answers
Most plants grow in the A horizon.
7/23/2016 12:27:31 AM| 1 Answers
Weegy Stuff
S
P
L
Points 509 [Total 1259] Ratings 1 Comments 499 Invitations 0 Offline
S
Points 192 [Total 613] Ratings 1 Comments 182 Invitations 0 Offline
S
P
Points 188 [Total 447] Ratings 1 Comments 178 Invitations 0 Offline
S
L
P
P
P
Points 159 [Total 2907] Ratings 0 Comments 159 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
L
P
P
P
Points 55 [Total 3759] Ratings 0 Comments 55 Invitations 0 Offline
S
Points 11 [Total 61] Ratings 1 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.