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Alexander Hamilton's economic plans called for a number of things. In general, the point of his plans was that the federal government should play an important role in creating a strong national economy. In order to achieve this, Hamilton called for the federal government to do such things as:
- Assuming all the debts incurred during the Revolution. He wanted this to include all the debts that states had run up.
- Imposing a tariff. This would get money for the government. It would also help protect American industries as they got started.
- Creating a national bank. He wanted there to be a national bank that could ensure that the currency would keep its value.
By doing these things, Hamilton felt, the government would create a positive environment for business in the new nation.
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