Question

Which of the following was a part of Alexander Hamilton’s plan for restructuring the nation’s debt?

banning taxes on goods such as coffee, tea, and alcoholic spirits
reducing tariffs on imported goods to lower prices for consumers
using cash reserves to pay down state and national debts
developing a strong commercial and industrial economy

Answer 1

Answer: developing a strong commercial and industrial economy.

One of Hamilton's main proposals to address the huge national debt of the United States was that of helping the nation develop stronger industries. This would be done through high tariffs designed to protect American industry from foreign competition, government subsidies, and transportation improvements. This view was opposed to that of Jefferson, who envisioned the United States as an agrarian country.

Answer 2

"Developing a strong commercial and industrial economy" was a part of Alexander Hamilton’s plan for restructuring the nation’s debt, since Hamilton differed with people like Jefferson, who wanted the US to be more agrarian.