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The Report on Manufactures is a report written by the 1st U.S. Treasury Secretary , Alexander Hamilton to Congress in 1792 recommending economic policies to stimulate the New Republic and make it Independent from British manufacturing still controlled by King George III . Hamilton believed that Manufacturing was superior to Agriculture alone ( Thomas Jefferson advocated this opposite system until his later years). Hamilton's "Report on Manufactures" laid forth economic principles, rooted in both the Mercantilist System of Elizabeth I 's England and the practices of Jean-Baptiste Colbert who was economic advisor to Louis XIV of France. His theories in the "Report" would later be incorporated into " The American System " by Senator Henry Clay of Kentucky and his Whig Party . Abraham Lincoln who called himself a " Henry Clay tariff Whig" during his early years would later make the principles outlined in the "Report" and furthered by Clay as Cornerstones , together with opposition to the institution and expansion of Slavery , of the fledgling Republican Party . Written by Alexander Hamilton in 1792 , it among other advice advised tariffs to:
Hamilton reasoned that the Tariff , bounties, Subsidies to industry, regulation of Trade , and so forth would not only provide employment opportunities and promote Emigration to the young United States , but it would also expand the applications of Technology and Science for all quarters including Agriculture . OPPOSITION TO THE REPORT ON MANUFACTURES Leading opponents of Alexander Hamilton 's economic plan were Thomas Jefferson (until later years) and his Democratic-Republican Party . SEE ALSO
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