Expand your horizons with the diverse and informative answers found on IDNLearn.com. Our platform offers reliable and comprehensive answers to help you make informed decisions quickly and easily.
(d) "A protective tariff." was the aspect of hamilton's financial program that received the least support in congress, because of its heavy agricultural and commercial interests.
In Hamilton's proposal, the federal and state debts would be paid off by the government. He demanded that the government acquire all of the bonds issued before 1789 by the federal and state governments. Then, he intended to issue fresh bonds to settle the previous debts.
Create a protective tariff: Hamilton thought that American businesses needed to be protected by a tariff (a levy on imported products). He demanded a very high tariff. This would force many Americans to purchase goods created in the United States rather than elsewhere by significantly raising the price of goods made abroad.
Here is another question with an answer similar to this about hamilton's financial program: https://brainly.com/question/2041326
#SPJ4
Question correction:
The aspect of Hamilton's financial program that received the least support in Congress, because of its heavy agricultural and commercial interests, was
a. funding at par.
b. assumption.
c. the National Bank.
d. a protective tariff.
e. excise taxes.