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English
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Number of pages / Number of words: |
6 / 1443 |
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He set up funding programs to pay off the now large national debt. "In raising money to meet the obligation of Assumption, he resorted to direct taxation as little as possible, and made luxuries bear the burden" (Bowers 20). Hamilton preferred taxing luxuries that only the rich could afford instead of merely taxing the entire population equally...
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Part of Hamilton's vision was to have a very commercial economy. He did not want taxation to discourage business growth, and made great efforts to make excise inspection non-oppressive (Mitchell 186). Hamilton did whatever was in his power to stimulate growth of industry so that the nation might grow into an economic giant...
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