Question

Select the best description of why most wealthy northern merchants supported Alexander Hamilton's ideas:

Answer 1

Answer;

A.Merchants profited from his economic policies, which included high tariffs on foreign trade.

Explanation;

During 1790 and 1791, Hamilton embarked on an ambitious plan of economic nationalism. He intended the plan to solve the economic problems that had plagued the United States since the American Revolution and to provide the means to defend the new republic.

He believed that his plan would create a class of wealthy citizens who, because they were long-term creditors of the new national government, would be loyal to it and take an active interest in its affairs. As a consequence, the central government would be strong and able to finance wars or fund major national projects.

Answer 2

A. Merchants profited from his economic policies, which included high traffis on foreing trade.