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Why did some states oppose hamiltons plan to repay the national debt?
Wiki User
∙ 13y ago
They were not sure how it could be done fairly, including congress.
i got this right because i got it from my textbook, and because my teacher told me.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThey did not benefit from the 'accumulation' of that debt or the decisions causing it, so why should they pay. An early expression of 'states-rights'.
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The swift adoption of the Bill of Rights in the years following ratification of the Constitution demonstrates the?
The inability of the united states to repay its debts
During the confederation period relations with France were strained because of what?
The inability of the United States to repay its debt.
Why was it important for the United States government to repay it's Revolutionary war debts?
so it would not leave us in to bad of terms with Britain even though we just beat them in war
What were the provisions of the Jay treaty in 1794?
The British gave up forts on American soil, but kept restrictions on American ships and required Americans to repay their debts.
What countries were causing the confederation trouble in 1787?
The British, the French, and the Spanish. British forts were still standing on American soil, the French were demanding that the bankrupt Congress repay their loans, and Spanish agents were working among the Native Americans.
What was hamiltons plan to repay debt?
Youmad bro?
The swift adoption of the Bill of Rights in the years following ratification of the Constitution demonstrates the?
The inability of the united states to repay its debts
How did hamilton propose to repay?
Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.
How did Hamilton propose to repay the national debt and what the response of the opposition?
Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.
What was the only country to repay its world war 1 debt to the United states?
Finland
What was the only country to repay its World War 1 war debt to the United states?
Finland
What were 3 parts of Alexander hamiltons plan to repay the war debt?
Hamilton's three part plan was about creating economic stability. the three parts were: making the states willing to repay their debts in ordder to make them more attractive to foreign investors, creating a national bank to collect taxes and make loans, and to create high tariffs in order to keep foreign competition out. hope this helps. it's been a while since i took AP US History.
What is one of the major problems caused by large national debt?
The problem with debt is you need to repay them. A large national debt would be detrimental to the future generations as they will bear higher tax burden to repay these debts. There are lesser benefits as well since portions of Government revenue will have to be allocated to return debts.
During the confederation period relations with France were strained because of what?
The inability of the United States to repay its debt.
The swift adoption of the bill of rights in the year following ratification of the constitution demonstrates the?
The inability of the united states to repay its debts
What were the flaws of Articles of Confederation?
Flaws of the Articles of Confederation: Denied a centralized national government; it denied it the power to tax or to regulate trade, not only between the United States and other nations, but also between the states. The Articles of Confederation were meant to put States' Rights over the rights of the National GovernmentThe greatest flaw of the Articles of Confederation was that all the power belonged to the states. For example: the U.S. federal government had debts to repay but had no means of enforcing or raising taxes in the states. Furthermore the articles made it nearly impossible to amend the Articles themselves so no problems no matter how glaring could be fixed.
What were the flaws of the articles of confederation?
Flaws of the Articles of Confederation: Denied a centralized national government; it denied it the power to tax or to regulate trade, not only between the United States and other nations, but also between the states. The Articles of Confederation were meant to put States' Rights over the rights of the National GovernmentThe greatest flaw of the Articles of Confederation was that all the power belonged to the states. For example: the U.S. federal government had debts to repay but had no means of enforcing or raising taxes in the states. Furthermore the articles made it nearly impossible to amend the Articles themselves so no problems no matter how glaring could be fixed.
