Alexander Hamilton, the first U. S. Secretary of the Treasury, believed that in order to create a strong, capitalistic economy

A) the government needed to provide the poor with income tax breaks.

B) middle-class Americans needed to buy land in the western territories.

C) the American debt should be rapidly paid off to insure a high credit rating.

D) the wealthiest classes needed to have an interest in keeping the American economy healthy.

Question

History

Savanah Day

18 April, 11:48

Alexander Hamilton, the first U. S. Secretary of the Treasury, believed that in order to create a strong, capitalistic economy

A) the government needed to provide the poor with income tax breaks.

B) middle-class Americans needed to buy land in the western territories.

C) the American debt should be rapidly paid off to insure a high credit rating.

D) the wealthiest classes needed to have an interest in keeping the American economy healthy.

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Answers (1)

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Kenna Williamson · Answer 1

Alexander Hamilton, the first U. S. Secretary of the Treasury, believed that the American debt should be rapidly paid off to insure a high credit rating to create a strong, capitalistic economy.

Explanation:

The bank was having the tenure of the 20-year charter. Hamilton followed the public credit system to achieve his goal. First Bank of the united states comprises the president and directors of the US banks and it is located in Pennsylvania. Hamilton posses 4 goals as the benefits of the bank were, debt during the war must be paid, to raise money for the arising new government, by establishing the national bank we can introduce the common currency to the unique US and lay the excise duty to spend in the business. The bank was initiated in the year 1791.