Hamilton reasoned that tariffs issued in moderation, would raise revenue to fund the nation and to encourage domestic (or national) manufacturing and growth of the economy by applying the funds raised in part towards subsidies (called bounties in his time) to manufacturers.
Tariffs issued in moderation, would raise revenue. This was to fund the nation and to encourage domestic (or national) manufacturing and growth of the economy by applying the funds raised in part towards subsidies (called bounties in his time) to manufacturers. This was what Hamilton reasoned.