Question

Which were part of Alexander Hamilton’s economic recovery plan? (Select all that apply.)

a) Establishment of a national bank
b) Imposition of tariffs on imported goods
c) Encouragement of agrarian society
d) Repayment of foreign debt

Answer 1

Alexander Hamilton's economic recovery plan included the a. establishment of a national bank, b. imposition of tariffs on imported goods, and d. repayment of foreign debt.

Step-by-step explanation:

Alexander Hamilton's economic recovery plan included the a. establishment of a national bank, b. the imposition of tariffs on imported goods, and d, the repayment of foreign debt.

These measures were aimed at promoting economic development by strengthening the relationship between the agricultural and manufacturing sectors and expanding commerce. Hamilton's plan also involved using revenue from tariffs to fund economic development and lessen the need for direct taxation.