Question

What did Hamilton believe we should have our economy based around? What was his justification?

Answer 1

Explanation:

He hoped that the government would encourage the growth of industry in a move away from agriculture so that the nation could be an industrial economy equal to those of Europe. He argued for items such as tariffs on foreign goods along with money to help individuals found new businesses so as to grow the native economy.

Answer 2

He hoped that the government would encourage the growth of industry in a move away from agriculture so that the nation could be an industrial economy equal to those of Europe. Hamilton justified the Bank and the broad scope of congressional power necessary to establish it by citing Congress' constitutional powers to issue currency, regulate interstate commerce, and enact any other legislation “necessary and proper” to enact the provisions of the Constitution.

Step-by-step explanation:

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