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Glossary Term – Event
Despite opposition from Republican progressives, Congress passed the Payne-Aldrich Tariff Act, which kept high tariffs in place on most imports.
Michael F. Holt is the Langbourne M. Williams Professor of History and chair of the history department at the University of Virginia. The Rise and Fall of the American Whig Party presents the first full-scale history of the American Whig Party and shows how the Whig Party struggled unsuccessfully to achieve a compromise between North and South.
Treasury Secretary Alexander Hamilton’s vision for the economic foundation of the United States included the federal assumption of state debts, the creation of a Bank of the United States, and support for the new nation’s emerging industries. After the first two parts of his plan had been accepted, he presented the third part to Congress in his Report on the Subject of Manufactures in December 1791.