0
Why did the south object to Alexander Hamilton's plan to repay the bonds?
Wiki User
∙ 12y ago
because
Marlon Klocko
Annabell Hickle
because
Wiki User
∙ 12y agonow 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.
Wiki User
∙ 11y agobecause
Add your answer:
Earn +20 pts
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
What were three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
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 issue most clearly divided Thomas Jefferson's democratic republican party and Alexander Hamilton's federalist party?
The issue was if federal or state governments should have more power.
Did Poland repay her debts of World War 2?
Yes
Why did the south object to Alexanders plan to repay the bonds?
because
What was hamiltons plan to repay debt?
Youmad bro?
Why did the south object to Hamilton's plans to repay the bonds?
i dont know and yeah i dont know
What were the three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
What else did the government efforts to sell bonds accomplish?
Government bonds, known in the United States as "Treasury bonds," are monetary or security debts issued by a specific country with the intent to repay the buyer, with interest, over a predetermined period of time.
What were three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
Why did some states oppose hamiltons plan to repay the national debt?
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.
How do you make sentence with repay?
i will repay the amount by next wednesday
When was I Will Repay - film - created?
I Will Repay - film - was created in 1923.
What are fixed rate bonds?
Fixed rate bonds are a 'security' paying a fixed periodical 'coupon' or interest payment, say 6%. After some defined period, the bond will repay its 'face value' being equivalent of the principal in a loan.
What is the duration of I Will Repay film?
The duration of I Will Repay - film - is 1.17 hours.
