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Describe how Alexander Hamilton's financial program affected the economy.

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Answered 2 years ago
Answered 2 years ago

By purchasing outstanding bonds, Alexander Hamilton boosted the economy by putting the United States in a situation to lend from other nations. Likewise, the national bank provided the country with a way of borrowing funds and also a location to hold cash. Furthermore, while his whiskey tax harmed farmers who made whiskey from their extra grain, it supplied the state with much-needed cash. Overall, Hamilton's positive attitude toward business drove him to support free-market capitalism.

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