revenue
The federal government was granted the right to enforce federal laws, including the collection of protective tariffs. This was a power the federal government had not held before.
By the 1790's the revenue from tariffs provide 90 percent of the national government's income.
the government passed tariffs to raise taxes
support for economic development
The power to engage in war. The power to levy income tax.
federal
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No. That belongs to federal government .
The federal government was granted the right to enforce federal laws, including the collection of protective tariffs. This was a power the federal government had not held before.
the right to enforce federal lawa, including the clloection of protective tariffs.
to help american buinesses
Hamilton's financial plan consisted of three main parts: the establishment of a national bank, the federal assumption of state debts, and the implementation of a system of tariffs and excise taxes. The national bank aimed to stabilize the economy and provide a uniform currency. Assuming state debts was intended to unify the nation and strengthen the federal government’s financial standing. Tariffs and excise taxes were designed to generate revenue to pay off the national debt and fund government operations.
The US government may tax imported goods through a tax system called tariffs. US states have no authority over tariffs..
By the 1790's the revenue from tariffs provide 90 percent of the national government's income.
The type of tariffs imposed strictly to raise money for the government are known as revenue tariffs. Unlike protective tariffs, which aim to shield domestic industries from foreign competition, revenue tariffs are primarily designed to generate income for the government. These tariffs are typically applied to a wide range of imported goods and are often set at lower rates to encourage trade while still collecting revenue.
the government passed tariffs to raise taxes
Hamilton's plan for revenue was primarily based on the establishment of a federal excise tax and the implementation of tariffs. The excise tax, notably on whiskey, aimed to generate income for the federal government, while tariffs on imported goods were designed to protect American industries and raise additional funds. Together, these measures sought to stabilize the nation's economy and promote industrial growth.