0
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.
What else can I help you with?
What was Alexander Hamiltons biggest challenge?
to pay off national debt
How did thomas jeffersons view of the national debt differ from that of Alexander hamiltons?
Jefferson wanted to pay off debt. Hamilton did not. CB
How did thomas jeffersons view of the national debt differ from Alexander hamiltons?
Jefferson wanted to pay off debts; Hamilton did not.
Alexander Hamiltons 1790 Report on Public Credit recommended that the 52 million public debt be?
Pooled with the 25 million dollars of state debt and paid off through bonds and a national bank.
How did the national assembly plan to pay off government debt?
They would give them whiskey.
What was the outcome of Hamiltons economic plan?
Alexander Hamilton was the first US Secretary of the Treasury. His plan was successful in many ways. He founded a national bank, and he had America establish its own currency so no one had to use the British pound. He also came up with the idea for the national bank to sell bonds to the American people. This allowed the government to use the interest it earned to help pay off the war debt.
Why did southern states to object Hamilton's plan to pay off the national debt?
because the southerners did not like Hamilton dumb
Who argued strongly against hamiltons plan to pay off war bonds?
Thomas Jefferson
What was one of Alexander Hamiltons primary goals as secretary of the treasury?
To deal with the government's financial issues
How did Congress pay off revolutionary war debts?
Mainly they taxed the US citizens when they could, because when the US first came independant, only state governments could tax, not federal. But this was soon changed and eventually the debt was paid.
What does Barack Obama plan to do about national dept?
Obama plans on making the wealthy people start paying taxes so that America will have more money to pay off the national debt.
Who argued strongly against Alexander hamiltons plan to pay off war bonds?
Thomas Jefferson
