Question

What was Hamilton's three-prong approach solution in 1790?

Answer 1

Answer:

1. The central government's assumption of states' war debt

2. The creation of a National Bank

3. The protection and stimulation of American industry.

Explanation:

Following the aftermath of the American Revolutionary War, the thirteen colonies were busy finding the right form of government to employ and how to manage their relationship.

In the bid to improve the unity and relationships between all the thirteen colonies, Alexander Hamilton had a three-prong approach solution in 1790. These solutions we're:

1. The central government's assumption of states' war debt: he saw this as a good option to improve the unity among the states

2. The creation of a National Bank: this is to make sure the country has a steady currency for the economic operation

3. The protection and stimulation of American industry: the purpose is to protect the local industry against foreign importation of goods.