To whom did Hamilton's economic plan appeal?

Alexander Hamilton’s economic plan appealed to different groups. Those who held old government bonds were very pleased with his plan. Businesses also were very pleased with Alexander Hamilton’s economic plan.

Hamilton’s plan called for combining the state debt and the national debt. The government would issue new bonds to those who held old government bonds. The old government bonds would be redeemed at full face value. Some speculators had bought the old government bonds at a very low price because many people thought they would never be redeemed at full value because of the country’s financial problems . These speculators, many who were northerners, benefitted greatly from this plan. The government would use the new bonds and some tax money to pay our debt.

Alexander Hamilton also wanted to create a national bank. This would help businesses. They would have a place where they could put their money and a place where they could get loans if needed.

Alexander Hamilton proposed having taxes on imports. This would help the government gain money that could be used to pay our debt. It also would protect our new industries by making some foreign-made products more expensive. This would encourage people to buy products from American businesses.

Alexander Hamilton’s economic plan benefited many people.