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he made major cuts to the army and navy and streamlined the government bureaucracy.
Keith Rohan
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∙ 12y agoJeffferson and Gallatin aimed to reduce the national debt that the federalist had left. They scaled down military expenses by cutting the army by one-third and reducing the navy from 25 to 7 ships. By slashing spending, Jefferson and Gallatin significantly lowered the national debt within a few years.
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∙ 14y agoyes, he reduced the national debt by over 25%
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∙ 9y agohe made major cuts to the army and navy and streamlined the government bureaucracy.
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∙ 13y agoJefferson planned to reduce the national debt buy cutting off the navy and anything else warlike or unnecessary
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∙ 13y agoby cutting off the navy and other warlike things also anything that was not used at all
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∙ 9y agoThomas Jefferson attempted to decrease the public debt by taxing whiskey. There was also a tax on tea and cause some farmers to revolt.
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∙ 13y agohe made very large cuts in the army and slightly smaller cuts in the navy.
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∙ 14y agoType your answer here... He created new debts to pay off the old ones.
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Did Jefferson opposed Hamilton's financial plan?
Jefferson wanted to pay off debts; Hamilton did not.
Why did the Southern States like Alexander Hamilton's plan to solve the national debt?
Funding and Assumption. He wanted a National Bank to assume the nations debt
How can one reduce their tax debt?
There are many ways one can reduce tax debt. One can reduce their tax debt by hiring a tax professional, re-checking tax returns, and choosing a debt plan.
How did President Jefferson plan to reverse what he perceived to be a drift toward despotism what had occurred in the 1790s?
It is possibly this answer... eliminating the national debt, thereby reducing the need for taxes.
How did hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What was Hamilton's plan to get the nation out of debt was?
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.
What was the purpose of Hamilton's program to create a wealthy class and bind their loyalties to the national government or to build a strong and prosperous nation?
He wanted to relieve the country of national debt, which is where the Economic Plan came out. He wanted to create a national bank, place high tariffs to reduce debt, and fund at "par" on government spending to prevent further debt.
What was Hamiltons plan to pay off national debt?
Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What was hamiltons plan for the national debt?
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
What was Hamiltons plan for reducing the national debt?
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
Who would benefit from hamiltons plan to fund the national debt?
your mom would. (;
