<P> Hamilton reasoned that tariffs issued in moderation would raise revenue to fund the nation . The tariff could also be used to encourage domestic (or national) manufacturing and growth of the economy by applying the funds raised in part towards subsidies (called bounties in his time) to manufacturers . Hamilton sought to use the tariff to: </P> <Ul> <Li> protect infant American industry for a short term until it could compete </Li> <Li> raise revenue to pay the expenses of government </Li> <Li> raise revenue to directly support manufacturing through bounties (subsidies) </Li> </Ul> <Li> protect infant American industry for a short term until it could compete </Li> <Li> raise revenue to pay the expenses of government </Li>

The report on manufactures can best be described as which of the following