How did the economic program of Alexander Hamilton help revitalize the American Economy?
One of the pressing problems facing George Washington and his new administration was the economical and financial strains of America. The state government had accumulated a massive debt and with continued interest, was growing at astronomical rates. To the United States, the cost of Britain's victory in the Seven Years' War was immense and was the beginning of America's financial and economical down fall. How was America going to correct its economical and financial situation? An economical program brought fourth by Alexander Hamilton was the cause for optimism. Hamilton's economic pr…
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