Question

What were the three parts of Hamilton's financial plan to solve the nation's economic problems?

Answer 1

The central government's assumption of states' war debt, the creation of a National Bank, and the protection and stimulation of American industry.

Explanation:

Hamilton's financial plan consisted of three things. The first was the central government's assumption of the state's war debts to increase national unity and the legitimacy of the government. The second was the creation of Bank of the United States to ensure a more stable, common currency for the new nation. The third was to create a protectionist policy that included the central government subsidizing local manufacturers and enacting heavy tariffs on imports in order to stimulate American industry.