Political divisions first surfaced over the financial plan developed by Secretary of the Treasury Alexander Hamilton. Identify the five parts of Hamilton's financial plan.

a. creation of a new national debtb. creation of the Bank of the United Statesc. encourage the development of factories by imposing a tariff on imported goodsd. establish the new nation's credit worthinesse. impose a tax on whiskey producers in order to raise revenue

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Cherish Phelps

14 September, 05:54

Political divisions first surfaced over the financial plan developed by Secretary of the Treasury Alexander Hamilton. Identify the five parts of Hamilton's financial plan.

a. creation of a new national debtb. creation of the Bank of the United Statesc. encourage the development of factories by imposing a tariff on imported goodsd. establish the new nation's credit worthinesse. impose a tax on whiskey producers in order to raise revenue

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Jabari Villanueva · Answer 1

Five parts of Hamilton's financial plan are as follow.

New National debt generation. The establishment of a United States Bank. Encourage plant growth by enforcing tariffs on goods manufactured. Establish credit-worthiness for the new nation. Impose a tax on whiskey manufacturers to increase profits.

Explanation:

The federal debt is the government's debt and public debt. It is also named national debt, state debt The Bank of the U. S was set up by Alexander Hamilton in 1791 to act as a warehouse for government funds and as the monetary officer of the court. A tariff's primary effect is to increase the price of goods and reduce the amount. The high price defends rivalry in the domestic industry. Creditworthiness is how it is calculated by a company or country that it will default on its debt obligations or how eligible it is to receive new credit. The bill imposed a state tax on domestic and foreign spirits, set aside to cover a part of the previous acquisition of state debts by the government.