What were the 3 points of hamiltons banking plan

Hamilton's plan for the new country's financial system had three major parts.

The 3 points of Alexander Hamilton's banking plan were;

i)  First, to pay off the debts of the states, including war debts for the states to focus on business- He proposed that the government assume the entire debt of the federal government and the states. Hamilton planned to retire the old depreciated obligations by borrowing new money at a lower interest rate.

ii) Secondly, Hamilton proposed to gain money by placing tariffs on imported goods by offering a remarkably modern economic vision based on investment, industry, and expanded commerce. Hamilton favoured tariffs taxes on imported foreign goods. These tariffs had two purposes: one, they raised finances for the government and encouraged the growth of American industry. The government further placed the highest taxes on foreign imported goods that Americans used in large quantities to ensure a steady flow of income to the government and encourage people to buy less expensive American-made products.

iii) Create a national bank and mint where Hamilton planned to create a Bank of the United States, which would be a model of the Bank of England. The national bank had a responsibility collect taxes, hold government funds, and make loans to the government and borrowers.

as general terms,  indian territory,  the indian territories, or  indian country  describe an evolving land area set aside by the  united states government  for the relocation of  native americans  who held  aboriginal title  to their land. in general, the tribes ceded land they occupied in exchange for  land grants  in 1803. the concept of an indian territory was an outcome of the 18th- and 19th-century policy of  indian removal. after the  civil war(1861–1865), the policy of the government was one of  assimilation.

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