What was Alexander Hamilton‘s plan to speed up industrialization in the United States?

1 Answer
Feb 28, 2017

Answer:

Alexander Hamilton believed in central banking, public debts, tariffs and a strong federal government.

Explanation:

Hamilton had a very specific vision of the United States. Unlike Jefferson, he believed the state should play a major role in the economy. He wanted to support the industrialit of the North by imposing tariffs on European goods that would protect them from competition.

Jefferson believed in an Agrarian society and in Free Trade. Free Trade was convenient to the planters of the South who wanted to export their agricultural production to Europe.