developing a strong commercial and industrial economy
he slept
Alexander Hamilton
because our new nation was in debt after the war against Britain
Alexander Hamilton's plan for restructuring the nation's debt primarily involved consolidating federal and state debts into a single national debt, which would be managed by the federal government. He proposed the federal assumption of state debts incurred during the Revolutionary War, arguing that this would establish the creditworthiness of the new nation. Additionally, Hamilton advocated for the creation of a national bank to facilitate the management of this debt and to stabilize the economy. This plan aimed to unify the country’s financial system and promote economic growth.
When Alexander Hamilton referred to the public debt as the "price of liberty," he suggested that incurring debt was a necessary sacrifice for the greater good of establishing and maintaining a free and independent nation. He believed that taking on debt could finance essential government functions and infrastructure, ultimately strengthening the country. By responsibly managing public debt, Hamilton argued that the nation could secure its freedom and promote economic growth, reinforcing the idea that some level of debt can be beneficial for national prosperity.
Jefferson wanted to pay off the debt; Hamilton did not.
Jefferson wanted to pay off the debt; Hamilton did not.
Alexander Hamilton
Yes.
they viewed him as a successful secretary since he established a financial plan for the new nation that was in a drastic debt. = ] hope that helped!
Novanet: The plan would enrich investors and promote new businesses.
what deal helped to win the support for alexander hamilton's debt plan from southern states