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
21,507,633 questions answered
Popular Conversations
What is income paid to the owner of land, labor, or capital in ...
Weegy: Income paid to the owner of land, labor, or capital in return for productive service is called factor payment. ...
6/28/2015 11:23:17 AM| 13 Answers
the perimeter of a rectangle is twice the sum of its legnth and its ...
Weegy: The length is 16m and the width is 7m.
6/29/2015 7:23:17 AM| 3 Answers
_____ communicate with the body to ensure homeostasis. Feedback ...
Weegy: Plasma membrane communicate with the body to ensure homeostasis.
6/29/2015 11:31:34 AM| 3 Answers
Evaluate -5x 2 - 3x for x = -2. A. 14 B. -14 C. -26
Weegy: The answer is x^2 - 3x + 7/x + 2. User: |3 - 6 + 8| 5 11 12 Weegy: 11 - 8 ? (1/3 + 1/5) = 11 - 8 ? (5/15 + ...
6/29/2015 11:51:59 AM| 3 Answers
Pete traveled 1,380 miles in two days. The first day, he traveled ...
Weegy: Pete traveled 1,380 miles in two days. The first day, he traveled 1.5 times as far as he did the second day. On ...
6/28/2015 12:00:30 AM| 2 Answers
What was not a theme that Kennedy addressed in his inaugural ...
Weegy: Kennedy begins his inaugural address ... ] User: Which technique did Kennedy use to encourage America’s ...
6/28/2015 4:55:05 PM| 2 Answers
What causes venom to circulate through the body faster? A. Lying ...
Weegy: MOVING AROUND causes venom to circulate through the body faster, as it causes the heart to beat faster and, ...
6/28/2015 5:01:10 PM| 2 Answers
Weegy Stuff
S
Points 806 [Total 806]| Ratings 2| Comments 786| Invitations 0|Offline
S
L
Points 759 [Total 1054]| Ratings 0| Comments 759| Invitations 0|Offline
S
Points 452 [Total 452]| Ratings 5| Comments 402| Invitations 0|Offline
S
L
P
Points 436 [Total 3481]| Ratings 2| Comments 416| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 411 [Total 9412]| Ratings 3| Comments 381| Invitations 0|Offline
S
1
L
P
1
Points 388 [Total 1403]| Ratings 4| Comments 348| Invitations 0|Offline
S
1
L
L
Points 98 [Total 8365]| Ratings 0| Comments 98| Invitations 0|Offline
S
Points 49 [Total 300]| Ratings 0| Comments 49| Invitations 0|Offline
S
L
Points 48 [Total 1721]| Ratings 1| Comments 38| Invitations 0|Offline
S
1
L
1
Points 28 [Total 3512]| Ratings 1| Comments 18| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.