The purpose of having the Government assume the debts of the States was to show the citizens and the world, that the US Government was going to be economically sound and because the states had fought for every state's independence from Britain, not just their individual state. Southern States opposed the plan because by the time of Washington's inauguration, the Southern States had already paid off their debts.
because they complained that they would have to pay more than their share.
to pay off national debt
your mom would. (;
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
developing a strong commercial and industrial economy
In exchange for supporting Alexander Hamilton's debt plan, the southerners gained the privilege of having the nation's capital located in the south. Sectionalism appeared to already be growing at this point. The southerners didn't want to pay the debts that they believed had been incurred by the north.
Youmad bro?
because the southerners did not like Hamilton dumb
to pay off national debt
to take over man kind
your mom would. (;
Jefferson wanted to pay off debt. Hamilton did not. CB
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
developing a strong commercial and industrial economy
federal aid
He promised to locate the capitol in the south.
Jefferson wanted to pay off debts; Hamilton did not.