Solved:

Checkmark

Answered by AI, Verified by Human Experts

Establishment of national bank and efficient tax-collection system

Establishment of national bank and efficient tax-collection system

The goals of thetax-collection systemare to ensure the government a steady supply oftax money (solve economic problems).Results: promoted sound financial management and better control of the economy.What are the main goals of a tax system?The system's objective should be to generate the funds required to pay for the public services and commodities that Americans desire and need while doing so in a fair, egalitarian, pro-growth manner that minimizes needless complexity.How important is the role of efficient tax collection in the country?Taxes frequently have an impact on a nation'sgross domestic product(GDP). Because of this contribution, taxes encourage economic growth, which in turn boosts the nation's economy by rising living standards, boosting employment growth, etc.The Bank would be in a position to offer credit, lend money to the government, safeguard its deposits, provide Americans with a unified currency, and encouragetradeand industry. It would assist in putting the United States on an equal financial footing with the countries of Europe when combined with Hamilton's other financial initiatives.To know more about thetax collection system, visit:brainly.com/question/7887829#SPJ4The complete question is:What were the goals and results of the Establishment of a national bank and efficient tax-collection system....

Unlock full access for 72 hours, watch your grades skyrocket.
For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.