answersLogoWhite

0

Alexander Hamilton created a financial plan which proposed to pay off the countryâ??s debt from the proceeds of sold security bonds to the wealthy elite. Hamilton also proposed the idea of a centralized bank to create and monitor currency transactions. This angered many because Hamiltonâ??s idea seemed to support the wealthy elite more so than overall population.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about American Government

Institution established by Hamilton to create a stable currency and bitterly opposed by states' rights advocates?

Bank of the United States


The most important reason why the united states needed a national court system was that?

the United States needed a national court system when the constitution was written because the states were too independent and they were not acting as UNITED states, and instead as individual states. The leaders discovered that they had to create a strong, central government to create a strong independent country.


How do the ideas of enlightenment thinkers effect government today?

They helped create the laws and constituionwe have today in the United States.


What is a law that reflects the elastic clause?

This is not necessarily a law, but the most common example of the "Elastic Clause" being used would have to be the First Bank of the United States. Congress created the charter that would go to establish the Bank of the United States and some politicians protested against this charter stating that Congress did not have the authority to create the Bank of the United States. But with this Elastic Clause, Congress could do anything they deemed "necessary and proper" and thus they were allowed to create this charter. This is not necessarily a law, but the most common example of the "Elastic Clause" being used would have to be the First Bank of the United States. Congress created the charter that would go to establish the Bank of the United States and some politicians protested against this charter stating that Congress did not have the authority to create the Bank of the United States. But with this Elastic Clause, Congress could do anything they deemed "necessary and proper" and thus they were allowed to create this charter.


How many courts did the constitution create?

One. Article 3 of the Constitution states that the judicial power of the United States shall be vested in one Supreme Court and such other inferior courts as Congress may create. Article 1 gives Congress the power to create tribunals inferior to the Supreme Court. The Supreme Court is the only constitutionally created court.

Related Questions

What was the constitution written for?

To create the government for the United States of America


What problems did industrailization create for the united states?

I need an answer pronto


What is the power to create and collect taxes in the United States?

What is the power to create and collect taxes in the U.S


Institution established by Hamilton to create a stable currency?

bank of the united states


Which of these statements is trueThere was a wave of nationalism in the United States following the War of 1812?

There was a wave of nationalism in the United States following the War of 1812.


How did the French Revolution create problems for the United states?

Cuz tey felt like it


Hamilton asked Congress to create a national bank named ....?

The Bank of the United States


Why did California's becoming a state create conflict in the United states?

Becuase the free states would out number the slave staes


Institution established by Hamilton to create a stable currency and bitterly opposed by states' rights advocates?

Bank of the United States


The most important reason why the united states needed a national court system was that?

the United States needed a national court system when the constitution was written because the states were too independent and they were not acting as UNITED states, and instead as individual states. The leaders discovered that they had to create a strong, central government to create a strong independent country.


What relationship is established in the US Constitution between the people and the US Government?

"We the people of the United States... do ordain and establish this Contitution for the United States of America." The people create the government.


How does a country become a Provence of the United States?

The United States of America does not have provinces or the mechanism to create them. The United States does have territories and protectorates across the Caribbean and Pacific which are Puerto Rico, the US Virgin Islands, Samoa, Guam, and the Northern Marianna Islands.