How did Hamilton’s financial plan enable the nation to expand economically?

Hamilton's plan was to place the nation on sound financial footing by paying off its debts. Hamilton created a national bank which would control the entire banking industry in the United States. Hamilton also created a system where the debts of the individual states were rolled into the national debt, thus further ensuring that debts incurred at home and abroad during the war were paid. Hamilton sought to fund this system through land sales to the public; this allowed for American expansion and also put the federal government in charge of the land acquired in the Treaty of Paris settlement. Hamilton also sought to increase revenues through tariffs and excise taxes. By making the United States a responsible debtor with a central banking system to pay off its loans, Hamilton created a system in which the world was encouraged to invest in the United States. Foreign investment further drove the American economy and made the United States strong financially. While the central banking system would be controversial in the South and West as settlers did not trust the Eastern banks, one cannot overestimate the importance of Hamilton's regulatory system for the commerce of early America.