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locate the nation's permanent capital on the Potomac River.

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Related Questions

Hamilton's policy of having the federal government pay the financial?

funding and assumption


Hamilton's policy of having the federal government pay the financial obligations of the states?

Assumption


Hamilton policy of having the federal government take over and pay the financial obligations of the states?

Assumption .


What led hamilton to promote the fiscal policies of funding and assumption?

the need to gain support of wealthy groups for the federal government


What did Hamilton believe his funding and assumption programs would do?

He belieced that he would gain the monetary and political support of the rich, for the federal government.


What is the Hamilton assumption act?

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.


What is the Assumption Bill?

A bill passed in 1789 by the federal government. It made the Hamilton Design possible, by making each individual state debt, national debt


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.


To win support for federal assumption of state debts Alexander Hamilton supporters negotiated a bargain that?

called for the construction of a new national capital on the banks of the Potomac River


What 3 bills did Alexander Hamilton want Congress to pass?

Alexander Hamilton wanted Congress to pass three key bills: the establishment of a national bank, a federal excise tax on whiskey, and the assumption of state debts by the federal government. The national bank would stabilize the economy and provide a uniform currency, while the excise tax aimed to generate revenue. Assumption of state debts would help unify the states under a strong federal government and establish national credit. These measures were central to Hamilton's vision for a strong financial foundation for the United States.


What was Alexander Hamiltons assumption plan?

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."


Hamiltons policy of having the federal government?

Assumption