Hamilton Economic Plan

Who created America's Economic Plan?

• Thomas Jefferson

• James Madison

• Daniel Shays

• Alexander Hamilton

One reason James Madison and Thomas Jefferson objected to Alexander Hamilton’s financial policies was that they believed

• the establishment of a national bank was unconstitutional

• a laissez-faire policy would not help the country’s economy

• the government should encourage industrial development

• high tariffs were needed to protect America’s economic interests

One major reason that Alexander Hamilton proposed a national bank was to

• improve the economic position of the United States government

• help state governments collect taxes

• make loans available to owners of small farms

• reduce foreign investment in the United States

What is a tariff?

• Tax on food
• Tax on Clothes
• Tax on imported goods
• Tax on Houses

George Washington's secretary of the treasury was __________.  

• James Madison
• Alexander Hamilton
• John Jay
• Thomas Jefferson

What was Thomas Jefferson's Position on Washington's Cabinet?

• secretary of defense
• secretary of treasury
• secretary of state 
• secretary of the secretary

In order to establish credit for the US, Hamilton suggested that the US should...

• assume the debts of the states

• create a national bank

• institute taxes to raise revenue

• all of these are true