Why did Antifederalists oppose Alexander Hamilton's plan
Why did Antifederalists oppose Alexander Hamilton's plan
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increase the population
They did not want to bail the northerners out.
developing a strong commercial and industrial economy
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Thomas Jefferson
Alexander Hamilton's Financial Plan was a collection of three reports that Hamilton forwarded at the American parliament under the administration of George Washington. The three reports that constituted Alexander Hamilton's financial plan were known by the names of First report on public credit, second report on public credit and the report on manufacturers.
One of the outcomes of the constitutional debate concerning the financial plan of Alexander Hamilton was the construction of the Treasury Department. Hamilton was the first Secretary of the Treasury.
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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."