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11 November, 17:24

Why did Alexander Hamilton support high tariffs?

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  1. 11 November, 18:49
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    After the Revolution, the new United States faced a competitive disadvantage in that the status of industry nationally was relatively weak as compared to European industrial powers.

    As a result, Alexander Hamilton wanted high tariffs as a painful jump start of an industrial boom in the United States. The thinking was that if tariffs were high, US citizens would respond by making a similar product in the US.
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