Why did the south object to Hamilton plan to repay the bonds?

Answer 1

now im not completely sure, which is sad because i am in ap us history, but i think it was because the south were all about state rights, and what hamilton wanted to do was pay off states debts to make the main bank the bank of the united states. the south felt having a strong national bank gave more power to the congress than to the states. the south felt in the long run if the congress decided to make the national bank stronger that they could abolished slavery. so basically it was a power issue. the south wanted the states to have more power and run the bank and felt that hamilton was trying to have more power with his national bank. hope that make sense to you.

My answer: Southern states complained that they would have to pay more than their share under Hamilton's plan.

rscholet: Some of the southern states had paid off their war debts so it seemed unfair to allow a number of northern states off the hook. Alexander Hamilton did make some adjustments for some of those states, especially Virginia. Hamilton also argued that much of the state's debt was incurred in support of the war, so in a way they were national debts. His Assumption plan worked so well that in 5 years our bonds were offered at a premium over all other countries. Not bad from starting in a debt-ridden situation.