Question

In 1791, Alexander Hamilton presented to Congress his famous "Report on Manufacturers," which proposed that young industries of the United States be granted import protection. Hamilton was using the ______ to justify protection.

a. ​scientific tariff argument
b. ​infant industry argument
c. ​cheap foreign labor argument
d. ​revenue argument

Answer 1

A. Scientific argument is the correct answer.

Step-by-step explanation:

The tariff act of 1789 was made into law by president George Washington on 4th July, 1789. It was meant to function with Collection Act of 1789 to protect trade and raise revenues. Alexander Hamilton supported its enactment, he argued that the tariffs could help in encouraging the domestic industry. As other nations provided subsidies to their industries, the tariffs would protect US industries form the effect of these subsidies. He used the scientific tariff argument.

Answer 2

Option B.

Step-by-step explanation:

​Infant industry argument, is the right answer.

Alexander Hamilton presented the argument of the " Infant Industry Argument" in his "Report on Manufactures" in the year 1790. This argument is a business justification to protect trade. The essence of the reasons is that nascent manufacturers usually do not have the economies of scale that their more experienced contenders from other nations may possess, and therefore had to be preserved until they may accomplish comparable economies of scale.