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  • Essay / Alexander Hamilton and Alexander Madison's...

    Even though the tariffs were also intended to protect infant industries, the refusal led to a tariff increase by Hamilton, which was opposed with outrage from small manufacturers . Hamilton had favored the wealthy large merchants and manufacturers who had accumulated their wealth by trading within the British Empire, in doing so he had sidelined the small landowners and the majority. Small manufacturers felt that the country's economic policies still did not provide them with enough capital and support. The immense herd of British goods flowing into American markets was another testament to the futile armor that tariffs provided to domestic manufacturers. A statement in the article by John R. Nelson quoted: “Eventually, Virginia rope manufacturers demanded a higher duty on imported rope. , but they doubted that even such protection would induce shippers to buy from them since "most of the ships are British and give preference to English ropes..." In the minds of these American manufacturers, Great Britain and its importers Americans assumed a central role in hindering their economic development” (Nelson, 977). This dilemma ended up being one of the main reasons for the creation of the new Republican Party. It was soon realized that Hamilton's economic policies and his objection to increased imports