Question

Which statement best characterizes Alexander Hamilton's economic goals?

Answer 1

Answer:

Alexander Hamilton wanted to establish credit in order to strengthen the national government.

Explanation:

Alexander Hamilton was an American economist, statesman, politician, writer, lawyer, and the first secretary of the Treasury of the United States. He was one of the founding fathers of the nation, an influential interpreter and promoter of the Constitution of the United States, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard and the newspaper The New York Post. As the first Secretary of the Treasury, Hamilton was the principal author of the economic policies of the George Washington administration. He led the financing of the debts of the states by the federal government, as well as the establishment of a national bank, a tariff system, and friendly business relations with Great Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, with a national bank and manufacturing support, plus a powerful army. This was opposed by Virginia farmers Thomas Jefferson and James Madison, who formed a rival party, the Democratic-Republican Party. They preferred strong states based in rural America and protected by state militias as opposed to a powerful federal army and navy.

Answer 2

He wanted to pay off federal government debts in order to purchase Western Territory.