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Anna71 [15]
3 years ago
5

How did Hamilton's argument affect political behavior

History
1 answer:
sweet-ann [11.9K]3 years ago
5 0
More than any other founder, Alexander Hamilton foresaw the America we live in now. He shaped the financial, political, and legal systems of the young United States. His ideas on racial equality and economic diversity were so far ahead of their time that it took the nation decades to catch up with them. The Federalist Party supported Hamilton's vision of a strong centralized government and agreed with his proposals for a national bank and heavy government subsidies. In foreign affairs, they supported neutrality in the war between France and Great Britain. Jefferson strongly opposed Hamilton's financial plan because he feared it created a centralized government that took power that was better kept close to the people in local and state governments. During his time in Europe, Jefferson saw first hand how economic freedom and political freedom were related. Farmers poor The Wealthy educated people landowners Discussion : 1. What was Hamilton's position on representation? No, because he was talking about how representatives are evil. 2. In one of the most famous duels in American history, Vice President Aaron Burr fatally shoots his long-time political antagonist Alexander Hamilton. Hamilton, a leading Federalist and the chief architect of America’s political economy, died the following day.

Alexander Hamilton, born on the Caribbean island of Nevis, came to the American colonies in 1773 as a poor immigrant. (There is some controversy as to the year of his birth, but it was either 1755 or 1757.) In 1776, he joined the Continental Army in the American Revolution, and his relentless energy and remarkable intelligence brought him to the attention of General George Washington, who took him on as an aide. Ten years later, Hamilton served as a delegate to the Constitutional Convention, and he led the fight to win ratification of the final document, which created the kind of strong, centralized government that he favored. In 1789, he was appointed the first secretary of the treasury by President Washington, and during the next six years he crafted a sophisticated monetary policy that saved the young U.S. government from collapse. With the emergence of political parties, Hamilton was regarded as a leader of the Federalists.
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The correct answer would be option B, Having a lower cost of production than other firms or nations.

Absolute advantage is having a lower cost of production than other firms or nations.

Explanation:

When a firm or nation can produce a product or service with less resources, or at lower cost, than other firms or nations, then this advantage is said to be the Absolute advantage.

When a firm or nation is able to produce a product or service cheaply than other firm or nation, this is called as Absolute Advantage.

We can take an example to understand the concept of Absolute Advantage. India has cheap workforce than Philippines, so India has an absolute advantage over Philippines in the Call Center Sector because India can hire workforce at a cheaper rate which can do the same task as that of the workforce in Philippines.

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