answersLogoWhite

0


Best Answer

Under the US Constitution, the federal government was allowed to levy taxes on commerce, and fees to cover the costs of administration. In 1909, the Congress cleared the way for the first direct national income taxes with the passage of the 16th Amendment (ratified in 1913).

User Avatar

Wiki User

6y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How was the US placed on a firm financial footing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How did the government of the US reflect enlightenment?

Unable to change the tax structure that would give a more solid financial footing


How did government of the US reflect enlightenment ideas?

Unable to change the tax structure that would give a more solid financial footing


Who were the first cabinet members of the US?

The first cabinet members were:Secretary of War: Henry Knox(knox's job was to oversee the nation's defenses)Secretary of State: Thomas Jefferson(he had been serving as a U.S minister to France)Attorney General : Edmund Randolph(Edmund was a great attorney general)Secretary Of Treasury : Alexander Hamilton(He placed the new nation on a firm financial footing)(Samuel Ozgood was Postmaster General but this was not a cabinet post until 1829.)


Why is Alexander Hamilton's on one piece of the US currency?

Hamilton is honored on the 10-dollar bill because he was the first Secretary of the Treasury and did much to get the government of the United States onto a sound financial footing.


When did the us fight back after pearl harbor?

The next day the United States was on war footing.


What were the main duties of Alexander Hamilton as the US Secretary of the Treasury?

As the US Secretary of th Treasury, Alexander Hamilton was placed in charge of handling the new nation's finances and tax issues. He was the main financial advisor to the US president.


Where can you find blueprints?

Enginerring firm, architecture firm, US Patent Office


What is the financial overview of the US government?

The financial overview of the US government should be in accordance with the Chief Financial Officer Act.


Who to open a stock brokerage firm in the US?

requirements to open stock brokerage firm


Who is Ensystex Inc?

A pest control firm in the US.


What dollar bill is President Hamilton on?

Hamilton was never president and never was a serious candidate for president. He was the first secretary of the treasury and did much to establish the US monetary system and put the new nation on a firm financial basis. His face is on the $10 bill.


How do you get Financial Aid for US students studying outside US?

You don't.