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what deal helped to win the support for alexander hamilton's debt plan from southern states
In exchange for Southern votes, promised to support locating the national capital on the banks of the Potomac River, the border between the two southern states, Virginia and Maryland.
Alexander Hamilton had many plans, be more specific in asking questions please.
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.
Funding and Assumption. He wanted a National Bank to assume the nations debt
The Compromise of 1790 led to the acceptance of Alexander Hamilton's plan for reducing the national debt. This compromise was the first big compromise reached by the new government in America.
locate the national capital in the south
what deal helped to win the support for alexander hamilton's debt plan from southern states
In exchange for Southern votes, promised to support locating the national capital on the banks of the Potomac River, the border between the two southern states, Virginia and Maryland.
Alexander Hamilton had many plans, be more specific in asking questions please.
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.
Funding and Assumption. He wanted a National Bank to assume the nations debt
because the southerners did not like Hamilton dumb
Alexander Hamilton has to make a deal with southern leaders to get support for his plan to pay back the national debt. In exchange for their support he promised them that he would locate the nation's capital along the Potomac River so that it would border between the north and south, and not directly in the northern states as it would have been in Philadelphia.
Alexander Hamilton believed that the states already had sufficient powers and authority to govern themselves effectively. He argued that the United States should be a strong centralized government that could provide stability and promote national unity, while still allowing for a degree of autonomy for the states within certain spheres of authority.
Alexander Hamilton has to make a deal with southern leaders to get support for his plan to pay back the national debt. In exchange for their support he promised them that he would locate the nation's capital along the Potomac River so that it would border between the north and south, and not directly in the northern states as it would have been in Philadelphia.
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.