0
Because southern states no longer owed money for the war...
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoJames Madison argued that Congress could not establish a bank because it was not among the federal government's enumerated powers, or powers specifically mentioned in the Constitution.
Add your answer:
Earn +20 pts
Who opposed Hamiltons economic plan?
Congress, Jefferson, Pennsylvania farmers(Whiskey Rebellion)
What was Alexander hamiltons plan for the adequate support of public credit?
everybody hates mervine
What was Alexander Hamiltons assumption plan?
Hamiltons case for assumption was to convince Congress that the state debts should be regarded as an obligation, for their support in the war for independance. Hamiltons hopes were that assumption would chain the states tightly to their "federal chariot."
Why did Jefferson oppose hamiltons financial plan?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
Why did James Madison oppose hamiltons repayment plan?
he thought is was dumbif i put in 5 dollar for a bond and i wanted to be up in 3 years then the country would lose money becuase they would half to pay intrest
What was Alexander hamiltons's plan for the adequate support of public credit?
everybody hates mervine
Who opposed Hamiltons economic plan?
Congress, Jefferson, Pennsylvania farmers(Whiskey Rebellion)
What deal helped win support from the southern states in hamiltons debt plan?
He promised to locate the capitol in the south.
What were the main components of Hamiltons economic plan?
The main components of Hamilton's economic plan were to raise tariffs, make states to agree to pay debts and create a national bank. There were different arguments regarding this plan but eventually Hamilton won.
What was Alexander hamiltons plan for the adequate support of public credit?
everybody hates mervine
Why did southern farmers oppose Hamiltons plan for the economy?
They were afraid of a strong central government with economic powers controlled by the rich. He made a deal with them. He was responsible for creating the First Bank of the United States modeled on the Bank of England. Jefferson and Madison collaborated against Hamilton's Federalist Party in the 1790's.
What was hamiltons plan to repay debt?
Youmad bro?
What was Alexander Hamiltons assumption plan?
Hamiltons case for assumption was to convince Congress that the state debts should be regarded as an obligation, for their support in the war for independance. Hamiltons hopes were that assumption would chain the states tightly to their "federal chariot."
Why did antifederalists oppose Alexander hamiltons's plan?
Why did Antifederalists oppose Alexander Hamilton's plan
What led Jefferson to oppose Hamiltons plan to promote industry and found a national bank?
HIS SMARTNESS LED HIM TO HAMILTONS PLANS
Why did Madison oppose Hamiltons repayment plan?
he thought is was dumbif i put in 5 dollar for a bond and i wanted to be up in 3 years then the country would lose money becuase they would half to pay intrest
Why did Jefferson oppose hamiltons financial plan?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
