Practice Quiz

CLEP US History I

Category - Economy

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Alexander Hamilton's economic plan for the United States included all of the following EXCEPT:
  1. Government subsidies for the building of factories
  2. Allowing the states to mint their own currency
  3. Creating the Bank of the United States
  4. Ensuring that the United States could get credit from other nations
  5. Paying off the debt from the American Revolution
Explanation
Answer: B - Hamilton did not want the states to mint their own currency. Getting the states on a single currency had been one of the key reforms that came after the Articles of Confederation failed. However, Hamilton did want a national bank that could manage the nation's finances and would encourage industry.
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