Hamilton’s Economic Plan – Flashcards
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Alexander Hamilton
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GW's Secretary of Treasury
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Hamiltons Economic Plan (def.)
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a plan to get out of the debt that was caused by the Revolution
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Protective tariff
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tax on imported goods
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Hamiltons Economic Plan
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Tax on whiskey, protective tariff, national bank, pay off debts to individuals and states
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Jefferson and Madison
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disagreed with Hamiltons plan (they believed that it benefited wealthy people and they would only agree if the capital was moved to the South)
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Federalists
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Hamilton and Adams (strong federal government, wealthy and manufacturing, pro-british)
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Democratic-Republicans
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Jefferson and Madison (strong state governments, common people, no national bank, pro-french)
