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Who disagreed with the idea to pay speculators the full value of the government bonds that they had bought during the Revolutionary War?
Wiki User
∙ 13y ago
Thomas Jefferson didn't want to pay the speculators at the full value because they basically made everyone else poor. Speculators generally lived in the north, so that would focus all the power and prestige in the north. Thomas Jefferson opposed this viewpoint as he was from the south. Alexander Hamilton was the man who came up with the plan.
I know this because I have to write a huge essay on it right now. I'm actually procrastinating. Hope this helps.
Wiki User
∙ 13y ago
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Many stock speculators in the 1920's put up as little as ten percent of the price of stock when they?
Bought on margin.
How did some people profit during westward expansion?
land speculators bought huge area of land. then they sold part of the land to people who dremed of having farms and made profit.
What happened to the bonds issued to American citizens by the Americn government dueing the revolutionary war?
Many of the original bond owners-shopkeepers, farmers, and soldiers- had sold the bonds for less than their value. They were purchased by speculators, people who risk money to make a greater profit.
How did the country that sold thr Louisiana purchase to the us get the land after 1783?
They bought it from Napoleon (France).
Why did Revolutionary War Veterans gain land in the Northwest?
The government couldn’t pay them so they gave land, but Hamilton who was Treasury went to the vets and bought the land from them for pennies on the dollar. In 1789 very few people had gone past the Appalachian mountains, but the northwest ordinance did open lands like Ohio, Wisconsin, Indiana.
Who bought up large areas of land in the hope of later selling it later for a profit?
Land speculators
Many stock speculators in the 1920's put up as little as ten percent of the price of stock when they?
Bought on margin.
What Indian tribe discovered oil on their reservation?
Oil. When oil was found on Indian lands, speculators bought up even more Indian land.
How did the Louisiana Purchase affect the U.S. and it's government?
they bought it
How did some people profit during westward expansion?
land speculators bought huge area of land. then they sold part of the land to people who dremed of having farms and made profit.
What is a commodity Is it a type of stock?
No, it is actually a physical product. Sides of beef, wheat, potatoes, gold, orange juice, crude oil, and just about anything you can buy is bought and sold in large quantities by speculators and investors.
What happened to the bonds issued to American citizens by the Americn government dueing the revolutionary war?
Many of the original bond owners-shopkeepers, farmers, and soldiers- had sold the bonds for less than their value. They were purchased by speculators, people who risk money to make a greater profit.
How did the government help people?
They went out and bought the materials they needed They went out and bought the materials they needed They went out and bought the materials they needed
Which president bought the 14th state?
Vermont was the 14th state. It was not bought but was part of the British territory ceded when the Revolutionary war ended. George Washington was President when Vermont joined the union.
Which of these is not a place where government securities can be bought?
federal reserve
Who bought the queen her first corgi?
the Welsh government
How did the country that sold thr Louisiana purchase to the us get the land after 1783?
They bought it from Napoleon (France).
