D. call for the construction of a new national capital on the banks of the Potomac River.
Alexander Hamilton believed in federal government being much like it was in Great Britain. He valued a powerful centralized government with assumption of state debts and a government-owned bank.
The view was that the Federal Government should pay off the states' war debts.
I believe that is when the federal government takes on the debts of a state(s) in order to better manage/pay it off.
The Hamilton Assumption Act, enacted in 1790, addressed the financial obligations of the United States following the Revolutionary War. Proposed by Alexander Hamilton, the Act aimed to assume the debts incurred by individual states during the war, consolidating them under federal responsibility. This move was crucial for establishing national credit and fostering unity among the states, while also laying the groundwork for the federal government’s financial system. It played a significant role in shaping the relationship between state and federal fiscal policies.
In the United States, this power has been left to each individual State. For the Federal government to establish standards, the courts would have to rule the assumption of a State power back to the Federal government as constitutional. Given the current justices on the US Supreme Court (in 2012) this is extremely unlikely to occur.
Assumption
assumption of deptsestablish federal bankingtarrifs
assumption
assumption
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."
Funding and assumption
Funding and assumption.
called for the construction of a new national capital on the banks of the Potomac River
federal judges were given lifetime terms.
Federal judges were given lifetime terms
Alexander Hamilton believed in federal government being much like it was in Great Britain. He valued a powerful centralized government with assumption of state debts and a government-owned bank.
yes