... was given to Hamilton [http://odur html]."" After the Revolution, the U.S. economy was about $50 million in debt, economic growth was slowed by competitive tariffs between states, American shipping struggled to recover from war, and the Continental Congress was unable to impose taxes. Foreign investors were fearful of the American economy, and American manufacturing lagged far behind Europe [http://xroads html]. ... capital, and a national bank that issued a circulatory currency and regulated fiscal policy and interest rates. Hume and Hamilton both agreed that the advantages of a credit...

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