At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.


How did Alexander Hamilton’s financial plan
affect the economy of the United States during
the 179os?
(1) National tax revenues decreased.
(2) High tariffs increased foreign trade.
(3) Treasury policies contributed to widespread
inflation.
(4) The newly created Bank of the United States
helped stabilize the economy.


Sagot :

The main way in which Alexander Hamilton’s financial plan affected the economy of the United States during the 1790s was that "(4) The newly created Bank of the United States helped stabilize the economy"
The main way in which Alexander Hamilton’s financial plan affected the economy of the United States during the 1790s was that 
(4) The newly created Bank of the United States helped stabilize the economy.

Explanation:

Hamilton’s plan gave us a supply of credit and means that of funding comes and establishments that needed revenue. The full-service bank was a very important national economy, and fully was} absolutely crucial in beginning the USA on the proper foot.

Equally vital is that the precedent it set for the North American country. Hamilton’s beliefs in a lively and powerful central government were materialized within the establishments required for his plan