Hamilton's financial plan under Washington (apr 1, 1789 – sep 1, 1790)
Description:
- Pay off the national and state debts- Protect young nation's industries by imposing high tariffs
- National bank
- Jefferson supported the debt payment plan, Hamilton agreed to move the nation's capital to Washington D.C.
- National bank was ratified because Washington supported it
- His plan was accepted with low tariffs
Added to timeline:
Date:
apr 1, 1789
sep 1, 1790
~ 1 years and 5 months