Before 1790, the American economy started to grow due to Alexander Hamilton’s activity. The most evident developments appeared within the domestic sector. His policy included funding of the internal, foreign, and state debts, as well as the foundation of the First Bank of the US. He also managed to establish a decent credit basis. However, during 1790-1860, such factors as alterations in transportation, communications, and agricultural production lead to tremendous growth in the whole US economy. Agriculturalists, land speculators, and merchants were considered as the main investors in transportation corporations. While merchants and speculators were investing money with ...
Essays on Agriculturalists
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