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The Tariff 1789. Designed to protect domestic manufacturingDiscouraged competition from abroadForced foreign competitors to raise pricesProvided much needed income for US. Report on Public Credit. US owed an enormous amount of money to creditors$20 million to individual states$11 million to foreigners$40 million to private individualsHamilton used this report to suggest that US pay off its domestic and foreign debt..

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Major Features of Hamilton s Economic Plan


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