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Hamilton wanted the Federal government to assume and pay the war debts owed by both the?
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Hamilton wanted the Federal government to assume the war debts of the Second Continental Congress and also of the thirteen states?
Yes, Hamilton wanted the federal government to take on the war debt. He proposed a National Bank, which was met with opposition from many. Hamilton prevailed, and the First Bank of the United States was chartered in 1791.
What are Hamiltonians?
Hamiltonians were people who followed and supported the policies that Alexander Hamilton espoused on the fiscal affairs of the new union. Hamilton wanted a strong federal government relative to the states. Most importantly, though, Hamilton wanted the federal government to assume the debts that the various states had incurred in paying for the Revolutionary War. Some states had paid down much of their debts themselves and did not want the federal government to assume them. If it did, it would spread the cost of repayment of the entire debt among all of the states. This would have the effect of making some states pay for other states' debts. Hamilton had other fiscal ideas like having a national bank, which many states and people opposed. As it turned out, Hamilton's followers were diametrically opposed by Jefferson and Madison, sometimes referred to as Jeffersonians or Republicans.
What was the level of government Hamilton wanted to strengthen?
Hamilton was a Federalist, so he wanted to strengthen the executive branch of the national government
Hamilton wanted the federal government to take over in full the old Revolutionary War debt of the Continental Congress and the states because he believed that?
Hamilton believed that if the federal government took over the debt, it would inspire favor toward the government from well-to-do creditors. Alexander Hamilton served as the 1st United States Secretary of the Treasury.
Why did Hamilton move so rapidly to create large financial commitments by the federal government?
because he wanted to establish national credit.
