1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
algol13
3 years ago
5

What were the 3 points of hamiltons banking plan

History
1 answer:
Levart [38]3 years ago
4 0

Hamilton's plan for the new country's financial system had three major parts.

The 3 points of Alexander Hamilton's banking plan were;

i)  First, to pay off the debts of the states, including war debts for the states to focus on business- He proposed that the government assume the entire debt of the federal government and the states. Hamilton planned to retire the old depreciated obligations by borrowing new money at a lower interest rate.

ii) Secondly, Hamilton proposed to gain money by placing tariffs on imported goods by offering a remarkably modern economic vision based on investment, industry, and expanded commerce. Hamilton favoured tariffs taxes on imported foreign goods. These tariffs had two purposes: one, they raised finances for the government and encouraged the growth of American industry. The government further placed the highest taxes on foreign imported goods that Americans used in large quantities to ensure a steady flow of income to the government and encourage people to buy less expensive American-made products.

iii) Create a national bank and mint where Hamilton planned to create a Bank of the United States, which would be a model of the Bank of England. The national bank had a responsibility collect taxes, hold government funds, and make loans to the government and borrowers.

You might be interested in
QUESTION is below pls answer
ss7ja [257]

Answer:

it is A

Explanation:

i just took the test

8 0
3 years ago
What roles did the European Union, the United States, and NATO play<br> in post-Cold War Europe?
sweet-ann [11.9K]

Answer:

Questionable Role of NATO in the Post-Cold-War Era. ... NATO was then conceived as a potent military means of common defense of the Western Allies. To counteract NATO's military might the USSR created the Warsaw Pact in 1955, at the time when the Western Germany was made a NATO member

Explanation:

3 0
3 years ago
Conflict between __________ has been raging in Nigeria since 1999.
Marizza181 [45]
The answer would be Christians and Muslims
7 0
3 years ago
Read 2 more answers
Can someone plz help me<br> Read all the directions
Tems11 [23]

Answer:

I'm afraid I'm not able to answer your question

Explanation:

your

6 0
3 years ago
People who helped america win the revolutionary war
Tema [17]
That was France,in 1776
5 0
3 years ago
Other questions:
  • Many countries of western europe are part of
    5·1 answer
  • In 1896 japan convinced who to open its ports to trade with japan
    9·1 answer
  • The CIA succeeded in overthrowing the governments of which two nations during the 1950s?
    13·2 answers
  • 1. Which statement about Egypt's agriculture is not true?
    8·1 answer
  • Of the following ways are the legislative branches of state and national governments similar?
    14·2 answers
  • The partial of the Arnolfini couple was painted by which artist?
    6·1 answer
  • What did Karl Marx predict would be the final result of centuries of class struggle and economic competition?
    15·1 answer
  • Pls help i neeed it
    7·1 answer
  • Read the selection from the section "Gettysburg (July 1-3, 1863)." Although Antietam was a setback to Lee's plans, the Union fai
    6·1 answer
  • Choose the term that does not relate.<br> erosion<br> O continent<br> O weathering<br> O landform
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!