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[21] [22] Alexander Hamilton, soon to enter the executive branch as Secretary of the Treasury, declined to support Madison's proposal and warned that economic warfare with Great Britain would drastically reduce the import duty revenue that the tariff legislation called for, placing at risk the funds anticipated to run the new federal government ...
In 1789, Alexander Hamilton, the Secretary of the Treasury, calculated that the United States required $3 million a year for operating expenses as well as enough revenue to repay the estimated $75 million in foreign and domestic debt. Under the rates established by the Tariff of 1789, the government could not meet its obligations. Consequently ...
Tariffs and excise taxes were authorized by the United States Constitution and recommended by the first United States Secretary of the Treasury, Alexander Hamilton in 1789 to tax foreign imports and set up low excise taxes on whiskey and a few other products to provide the Federal Government with enough money to pay its operating expenses and ...
Alexander Hamilton (January 11, 1755 or 1757 [a] – July 12, 1804) was an American military officer, statesman, and Founding Father who served as the first U.S. secretary of the treasury from 1789 to 1795 during George Washington's presidency.
Prominent mercantilist thinkers such as Alexander Hamilton and Friedrich List established in their time an economic rationale for protectionism to grow “infant industries.” Today, however ...
The Tariff of 1792 was the third of Alexander Hamilton's protective tariffs in the United States (first was the Hamilton tariff of 1789, second was the Tariff of 1790). Hamilton had persuaded the United States Congress to raise duties slightly in 1790, and he persuaded them to raise rates again in 1792, although still not to his satisfaction.
ANALYSIS: President’s obsessions with tariffs have been a constant for his entire time in public life, dating back to his emergence as a real estate tycoon in the 1980s and 1990s, write Andrew ...
Hamilton, Alexander (April 25, 1794). "From Alexander Hamilton to George Washington, 25 April 1794" [Holland Loan of 1794]. Founders Online. U.S. National Archives and Records Administration. Hamilton, Alexander (August 5, 1794). "From Alexander Hamilton to George Washington, 5 August 1794" [Disagreeable Crisis in Western Counties of Pennsylvania].