Hamilton’s Three Reports included all of the following, EXCEPT:
Group of answer choices
A Report on Public Credit
B Report on National Policy
C Report on Manufacturing/Manufactures
D Report on a National Bank
The correct answer and explanation is:
The correct answer is B. Report on National Policy.
Alexander Hamilton, the first Secretary of the Treasury, delivered three significant reports to Congress between 1790 and 1791. These reports were foundational in shaping the early financial system of the United States.
- Report on Public Credit (1790): This report outlined Hamilton’s plan for managing the national debt. He proposed the federal government assume the debts of the states incurred during the Revolutionary War, thereby establishing the credibility of the federal government in handling financial matters. The goal was to stabilize the economy, strengthen the nation’s credit, and foster a strong central government.
- Report on Manufactures (1791): This report focused on promoting industry and manufacturing in the United States. Hamilton argued that the country should develop a strong industrial base to reduce its dependence on foreign nations, particularly in areas such as textiles, iron, and steel. He advocated for protective tariffs and subsidies to encourage the growth of American industries.
- Report on a National Bank (1790): Hamilton proposed the creation of a national bank to help manage the country’s finances, regulate currency, and provide loans. The bank was intended to support federal government spending, create a stable national currency, and encourage economic development. The bank would serve as a central institution for financial operations.
However, there was no Report on National Policy by Hamilton. While Hamilton’s reports focused on financial, economic, and fiscal issues, the term “national policy” generally refers to a broader political or strategic vision, which was not a focus of his reports. The core of his work was related to shaping the financial structure and strengthening the national economy, rather than providing an overarching national policy that would guide foreign relations or domestic governance.
Thus, B. Report on National Policy is the correct answer, as it does not exist among Hamilton’s key reports.