What two steps did hamilton take to build the nations economy?

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2026-08-10 12:36

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Alexander Hamilton implemented a two-pronged strategy to build the nation's economy: first, he established a federal system to assume state debts, thereby centralizing financial responsibility and enhancing national credit. Second, he created the Bank of the United States, which facilitated government transactions, provided a stable currency, and encouraged investment in American industries. These measures laid the foundation for a stronger federal government and stimulated economic growth.

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