0
Southern states had ____________, or built up, much less debt than the Northern states.?
Accumulated
What else can I help you with?
What did the southern states want in return for paying off the northern states debt?
They wanted the capital moved south from New York (to what is now Washington, D.C.)
Did Southern states did not like Hamilton's plan to pay off the federal debt because they owed less for the cost of the American Revolution than Northern states?
-__-
What deal helped to win support Alexander Hamilton's debt plan from southern states?
what deal helped to win the support for alexander hamilton's debt plan from southern states
Why was Washington choosen?
Most northern states had large debts due to their heavy expenses from the Revolutionary War. Most southern states had little or no debts. Treasury Secretary Alexander Hamilton wanted the federal government to assume these debts; in doing so he hoped he would improve the nation's reputation with creditors and amass power in the hands of the federal government. The southern states balked at the idea, so Hamilton reached a compromise with them: if they agreed to his debt assumption plan, he would approve of a southern location for the nation's capital. And so it was - Washington was built between the southern, slaveholding states of Maryland and Virginia.
Why did the Southern states disagree with Hamilton's plan and how did he compromise?
Hamilton compromised with southern states by stating that he would ensure that the United States would absorb all of the debt for the war. In exchange Hamilton asked the southern states to relinquish the hold of wanting the nation's capital in one of the southern territories.
Why did the south state favored slavery?
Slavery meant a cheap labour force for their large plantation bases economy.Slavery was legal when the United States was formed. The southern states became dependent on slavery for cultivating, especially harvesting cotton, when the cotton gin was invented. Because the southern states suffered financially with international debt more than the northern states it was an economic issue that turned into a moral issue.
What deal helped win support from the southern states in hamiltons debt plan?
He promised to locate the capitol in the south.
Why did southern states oppse hamiltons plans for the economy?
Southern states opposed Alexander Hamilton's economic plans primarily because they feared that his proposals would favor the industrial North at the expense of the agrarian South. Hamilton's plan included assuming state debts and establishing a national bank, which Southern leaders believed would benefit Northern creditors and investors. Additionally, the South had already paid off much of its debt and felt it was unfair to be taxed to support Northern interests. This opposition contributed to regional tensions and the eventual political alignment of the early United States.
Why did southern states to object Hamilton's plan to pay off the national debt?
because the southerners did not like Hamilton dumb
What did Alexander Hamilton say the states already had?
Alexander Hamilton had a plan to alleviate the tax burden on the northern states, who were lagging in their debt payments. Hamilton said the Southern states had already reduced their debt at great internal cost.
Why is Dc the capitol?
Well at first New York City was the capital of the U.S. when there were only 13 states, then the treasury of the cabinet under President George Washington gave Washington the idea to tax each state. Since the Revolutionary War was just over, more northern states were in debt more than the Southern states. So the southern states thought the idea to tax them was unfair because the north owned more money. So to get the Southern states to pay taxes they compromised to more the capital city more south because NYC was too far so they did.
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
