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The biggest economic problem for Alexander Hamilton and his new government was recovering from the 54 million dollar federal debt arising from the Revolution. The states owed another 25 million. Confederate paper money was worthless.
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What economic problems did the new government face with Jefferson and hamilton?
The biggest economic problem for Alexander Hamilton and his new government was recovering from the 54 million dollar federal debt arising from the Revolution. The states owed another 25 million. Confederate paper money was worthless.
Is Alexander Hamilton a federlist?
Yes, Alexander Hamilton was a Federalist. This meant that he was in favor of a strong federal government. Under the Articles of Confederation, the Federal Government had little power over the states, something that was a big problem. Hamilton favored a new document to govern the country, and therefore supported the ratification of the Constitution. Under the Constitution, the Federal government would have the power to issue money, and regulate trade and taxes.
What domestic problem did Alexander Hamilton face and how did he plan to solve it?
economics financial program
What is Hamilton's economic plan?
One of the great problems of the Articles of the Confederation was the government's financial problem. Alexander Hamilton, who was the secretary of the treasury, had a new plan to fix US finances. 1) Pay of the national war debt, and have the government assume states individual debt. 2) impose high tariffs on imported goods (to protect the nations industries). 3) Create a national bank. Congress did adopt Hamilton's plan, they just made some adjustments.
What problem does Alexander Hamilton see with the mass of people and government?
People often change thir beliefs and cannot choose right. He believed masses of people were ignorant and should be governed, not govern.
Did Alexander Hamilton favor a strong government?
None of the founding fathers wanted another England style of Government. They felt this was a problem that could be cured with a weaker federal system. The Articles of Confederation proved to be slightly too weak to hold the Government together so the new Constitution was made to give some more teeth to the Federal portion and still keep it fairly weak compared to the States. Washington Presidency Addition: Actually Alexander Hamilton did believe in a strong central government. He believed it would solve their problem. This however goes against the constitution. For this reason Thomas Jefferson disagreed he believed in rights for the people.
How do you solve poverty as economic problem?
The government transfers money to the poor.
Why were the Articles of Confederation was not a satisfactory federal government?
Alexander Hamilton wasn't unfounded in his opinions. He didn't think the federal government had any power whatsoever, and he was right. It didn't. The financial situation was a mess, he said, and the government didn't have any power to fix it (and Hamilton would be the one to fix it later). The government was laughably unstable and weak in other countries eyes and looked like it would surely collapse, and to Hamilton, who was obsessed with status and hierarchies (why he was obsessed is a story for another day), this was the worst of all its faults. Trade was another huge problem, and Hamilton believed the only way to get a government to be powerful was through trade. No trade, and the nation remains pitiful.
What economic problem troubled the nation at the beginning of Washington's presidency and how were they solved?
National debt. Hamilton solved it by creating a national bank
What was one of the new government's main problems when George Washington became President and how did Alexander Hamiltion plan to solve this problem?
One of the main problems facing the new government when George Washington became President was the large war debt from the American Revolution. Alexander Hamilton's plan to solve this problem was to establish a national bank to manage the country's finances and assume the states' debts. This would help stabilize the economy, establish the credit of the United States, and create a strong centralized government.
What is a key problem that Alexander Hamilton overcome?
that she didnt have a car unlike Lewis
How are economic questions answered in a command economy?
discuss the basic economic problem?
