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? …
showed first 75 words of 2973 total

showed last 75 words of 2973 total
…pledge to aid America's industries was a masterful plan. This act led America to develop its industries since high tariffs prevented foreign competition. This led the central government to increase its revenue base as well as it enable the central government to pay of its massive. Alexander Hamilton's program was a smashing success. Alexander Hamilton ensured that if these steps were taken and enacted, America's economy would be revitalized and thrive on an international market.