Question

What did Alexander Hamilton believe his plan for the nation’s economy would do?
A) buy political support from poor Americans
B) establish the nation’s financial credibility
C) stop the growth of new industries
D) reopen trade with European nations

Answer 1

Alexander Hamilton believed that his plan for the nation’s economy would "B) establish the nation’s financial credibility", since he knew this was the only way for the nation to establish credit with foreign nations. 

Answer 2

Correct answer choice is:

B) Establish the nation’s financial credibility

Explanation:

The overriding drawback facing Hamilton was an enormous debt. He projected that the govt. considering the complete debt of the national and therefore the states. His plan was to withdraw the recent depreciated compulsions by borrowing new cash at a lower rate of interest. Jefferson contradicted this arrange. He thought states ought to charter banks that might issue cash. Jefferson additionally thought that the Constitution failed to provide the national government the ability to establish a bank. Hamilton contradicted on this time too.