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Which leaders objected to paying the states debts?
Leaders such as Thomas Jefferson and James Madison objected to paying the states' debts after the American Revolutionary War. They believed that the federal government should not assume the debts incurred by individual states, viewing it as unfair to those states that had already paid off their debts. Their opposition was rooted in concerns about federal power and the potential for a centralized government to impose undue control over the states. This disagreement contributed to the broader debates over federalism and the balance of power in the early United States.
What financial problems did the new nation face?
1.Paying off all war debts. 2.Raising government revenues. 3.Creating a national bank.jjj
What was the federal budget in 1776?
During the American Revolution, a cash-strapped Continental Congress accepted loans from France. Paying off these and other debts incurred during the Revolution proved one of the major challenges of the post-independence period. The new U.S. Government attempted to pay off these debts in a timely manner, but the debts were at times a source of diplomatic tension.
What was the federalist view on the assumption of state debts?
The view was that the Federal Government should pay off the states' war debts.
What are the debts that the federal government was going to assume?
the depts ovf china
Why was the South against idea of the government paying state debts?
They did not want taxes to increase.
Which region of the country did not support the idea of the national government paying of debts?
West
Which region of the country did not support the idea of the government paying off state debts?
West
In exchange for the national government paying war debts what was moved to the south?
The Capital of the United States of America. It was moved to its current location on the Potomac River, named Washington, DC.
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
Which region of the country did not support the idea of the national government paying off state debts?
West
What was Hamilton's plan for paying debts?
what was Hamilton's plan for paying state debts
In 1789 what was the most serious problem that the new government of the United States had?
Paying back its debts from the Revolutionary War.
Who is responsible to pay back all depts?
The debts of the US Federal government is responsible for paying all of its debts. This can be done by raising taxes, passing tariff acts and reducing government spending to not allow the debt to enlarge.
Do debts die with you in UK?
Your estate is responsible for paying your debts.
Who is responsible to pay back all U.S depts?
The debts of the US Federal government is responsible for paying all of its debts. This can be done by raising taxes, passing tariff acts and reducing government spending to not allow the debt to enlarge.
If you die and your car is repossessed can they go after your estate?
The estate has to resolve all debts. That would include paying off any claims against it.
