Alexander hamilton was the first secretary of the treasury. which of the following best describes alexander hamilton’s opinion about banking?
a. he believed that the banking system already in existence was sufficient.
b. he believed that an international banking system was best for the country.
c. he believed that a strong, centralized banking system was necessary.
d. he believed that the nation’s banks should be owned and run by state governments.
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Innovations that improve efficiency or production are developed by individuals but become widespread once other people see their benefits. Once a technology or process proves successful, it spreads and changes the ways people live and work. Over time, the effects of these changes improve the quality of human life. The Agricultural Revolution involved inventions such as Jethro Tull’s seed drill and new practices such as selective livestock breeding. These innovations caused a massive increase in food production. In turn, the growth in food production led to a huge population increase.
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