The ratification of the U.S. Constitution was not only a political turning point, but also an economic turning point in the history of the United States. This change in America was desperately needed because they needed stability following the war. The results of the ratification of the constitution were huge politically and economically in the sense it created a stronger central government, led to the Hamilton Financial Plan, and made the U.S. a more stable nation with more economic prosperity and opportunity. Politically, the ratification of the constitution was a big turning point for the U.S. because it formed a stronger central government. With a stronger central government, it gave them the power over the states which is the difference between this new constitution and the Articles of Confederation. The new central government changed crucial tax policies that would benefit the citizens and help in paying for the huge war the U.S. just got done fighting. A major new feature the constitution added to American politics is the introduction of checks and …show more content…
The Plan was proposed by then-1st Secretary of the Treasury, Alexander Hamilton, who had been seeking financial reform for years. The Plan led to the creation of the Bank of the United States, which was created as a private bank with the government owning stock. The creation of this bank aided the massive effort to get out of debt. It also established protective tariffs, a tax on foreign goods to protect American industries from foreign competition. This helped the U.S. to make more money from the American industries rather than getting the foreign countries goods. This also allowed for more American jobs to be created. Hamilton’s Financial Plan was a long term effect of the constitution because it got the country out of most of its debt from the war even though it took some