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Why did the Southern States like Alexander Hamilton's plan to solve the national debt?
Wiki User
∙ 7y ago
Funding and Assumption. He wanted a National Bank to assume the nations debt
Wiki User
∙ 14y ago
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What did Alexander hamilton do to win the support for his plan from the southern leaders?
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.
What deal helped to win support Alexander Hamilton's debt plan from southern states?
what deal helped to win the support for alexander hamilton's debt plan from southern states
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."
What were Alexander Hamiltons accomplishments?
· the first United States Secretary of the Treasury signing the constitution and being on the ten dollar bill
What did Alexander Hamilton say the states already had?
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.
What was Alexander hamiltons plan to speed up industrialization in the United states?
increase the population
Alexander hamiltons policy of having federal government pay financial obligations of the states?
assumption
What deal helped win support from the southern states in hamiltons debt plan?
He promised to locate the capitol in the south.
What did Alexander hamilton do to win the support for his plan from the southern leaders?
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.
What deal helped to win support Alexander Hamilton's debt plan from southern states?
what deal helped to win the support for alexander hamilton's debt plan from southern states
What compromise led to acceptance of Hamiltons plan for reducing the national 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.
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."
What has the author Alexander Bagby Lipscomb written?
Alexander Bagby Lipscomb has written: 'The commercial history of the southern states'
What result of Hamiltons federalist beliefs?
establishing the first national bank of the United States as a way to manage money across state borders
What were Alexander Hamiltons accomplishments?
· the first United States Secretary of the Treasury signing the constitution and being on the ten dollar bill
How did hamiltons plan for a national bank states rights?
Hamilton suggested limiting it to a 20 year charter; then it would be up to Congress to decide whether to extend charter He also asked states to open their own banks so the national bank wouldn't have monopoly.
What did Alexander Hamilton say the states already had?
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.
