How did alexander hamilton want to pay off the nation’s debts? by placing tariffs on imported goods by placing tariffs on exported goods by establishing different types of currency by appointing a new secretary of the treasury

Alexander Hamilton wanted to pay off the nation's debts by placing tariffs on imported goods.

Hamilton was the main author of the economic policies of the Washington administration. He led the financing of the debts of the states by the federal government, as well as the establishment of a national bank, a tariff system, and friendly trade relations with Great Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, with a national bank and support for manufactures, plus a powerful army.

Hamilton became the leading cabinet member in the new government under President Washington. He was a nationalist who emphasized a strong central government and successfully argued that the implicit powers of the Constitution provided the legal authority to found the national debt, assume the debts of the states, and create a bank backed by the government, the Bank of the United States. These programs were financed mainly by a tariff on imports, and later also by a very controversial whiskey tax.

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