0
The Revolutionary War had left the U.S. economy in very, very bad shape. It needed to recover in order to the new nation to survive.
Hamilton believed the National Bank would help stabilize the economy. It would create a place where the government could safely deposit money, and the bank would also be able to make loans to the government and businesses. Thus businesses could be started, and when the businesses are successfully running it would increase the money earned by both the individual people and the government. People would be willing to spend more on goods, allowing others to make bigger profits and also be willing to spend more...and so on.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoit reduced the us' debt
Add your answer:
Earn +20 pts
Which aspect of Hamiltons program received the least support?
The National Bank
Who was Alexander hamiltons chief opponent to the national bank?
Andrew Jackson.
What were hamiltons and jeffersons impression of national bank?
He opposed it because the Constitution did not grant that power to Congress.
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 led Thomas Jefferson to oppose Hamilton's plans to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
Which aspect of Hamiltons program received the least support?
The National Bank
What led to Jefferson to oppose Hamiltons plans to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
What led Jefferson to oppose Hamiltons plan to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
Which of hamiltons proposals was attacked as un constitutional by thomas Jefferson?
creation of a national bank
Who was Alexander hamiltons chief opponent to the national bank?
Andrew Jackson.
What were hamiltons and jeffersons impression of national bank?
He opposed it because the Constitution did not grant that power to Congress.
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 Alex Hamiltons position on Federalism?
He was a federalist that believed in having a strong central government by creating the national bank.
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.
What led Jefferson to oppose Hamilton and plans to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
What led Jefferson to oppose Hamilton's plans to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
What led Thomas Jefferson to oppose Hamilton's plans to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
