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Hamilton wanted the Federal government to assume and pay the war debts owed by both the?
Congress and the thirteen states.[: Audralynne :]
To win support for the federal assumption of the state debts Hamilton's supportersnegotiated a bargain that?
D. call for the construction of a new national capital on the banks of the Potomac River.
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.
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.
Why did southern states vote for Hamilton's plan to assume state debts?
most had huge debts they could never pay.
How did hamilton think that federal payment of state debts would influence the states?
Hamilton thought that it would give the states a strong interest in the success of the national government.
What was included in Hamilton's financial plan?
Hamilton's financial plan consisted of the federal government assume payment of the debts contracted by the states. This was during the Revolution.
Hamilton's first financial policies were intended?
The intention of Hamilton's initial financial policies was for the federal government to assume the debts the states owed, and fund the national debt. Alexander Hamilton severed as the 1st United States Secretary of the Treasury.
Hamilton's economic policy encouraged what?
Alexander Hamilton thought that the new federal government should accept the debts of the Confederation Congress at their full value. :)
What was Hamilton's plan for paying debts?
what was Hamilton's plan for paying state debts
Hamilton's report on the public credit recommended?
that the federal government assume remaining state debts. Liberty University
Hamilton wanted the Federal government to assume and pay the war debts owed by both the?
Congress and the thirteen states.[: Audralynne :]
To secure approval for federal assumption of state debts Hamilton promised to?
locate the nation's permanent capital on the Potomac River.
How was the payment of the national debt conflict between Jefferson and Hamilton resolved?
The government repaid the war debts and a new capital would be in the South.
How did hamilton propose to enact his programs?
Hamilton has a plan for creating programs that he felt found provide assistance to fix the financial crisis the United States was faced with. He proposed to enact these programs by establishing a national banking system which could be used for deposing government funds, a payment plan for all federal and state debts, and a tax increase on imported goods into the country.
What were Hamilton's first financial policies intended for?
Hamilton created the first financial policies with the intention that they would fund the national debt. He had hoped to accomplish a stronger federal government by having federal government assume the debts incurred by the nation and the states.
To win support for the federal assumption of the state debts Hamilton's supportersnegotiated a bargain that?
D. call for the construction of a new national capital on the banks of the Potomac River.
