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Hamilton wanted to assume the states debt from the Revolution What is the Reasons?
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What were Hamilton's first financial policies intended for?
Hamilton created the first financial policies with the intention that they would fund the national debt. He had hoped to accomplish a stronger federal government by having federal government assume the debts incurred by the nation and the states.
Who wrote a financial plan for the United states?
Alexander Hamilton
Why did the Southern states disagree with Hamilton's plan and how did he compromise?
Hamilton compromised with southern states by stating that he would ensure that the United States would absorb all of the debt for the war. In exchange Hamilton asked the southern states to relinquish the hold of wanting the nation's capital in one of the southern territories.
Who was Alexander Hamilton and what did he do?
Alexander Hamilton was one of the most prominent founding fathers in American history.He was the Secratary of Treasury under George Washington, and he had a lot of influence on the economic policies and decisions that were made.He was a Federalist, so he supported a government that was more involved.Hamilton suggested things such as:The federal govt should assume state debts accumulated during the Revolution. The federal govt would have more power that way, since it would not be the states who were dealing with the finances.Create a National Bank (Bank of the United States) that would centralize the money and govt even moreHamilton also favored becoming a more industrious country, which would later help the economyOverall, Hamilton has a huge impact on the way America was to be shaped. It would have a [usually] strong central government while states still had power
How did hamilton think that federal payment of state debts would influence the states?
Hamilton thought that it would give the states a strong interest in the success of the national government.
What was included in Hamilton's financial plan?
Hamilton's financial plan consisted of the federal government assume payment of the debts contracted by the states. This was during the Revolution.
Hamilton's first financial policies were intended?
The intention of Hamilton's initial financial policies was for the federal government to assume the debts the states owed, and fund the national debt. Alexander Hamilton severed as the 1st United States Secretary of the Treasury.
Hamilton wanted the Federal government to assume and pay the war debts owed by both the?
Congress and the thirteen states.[: Audralynne :]
Why did southern states vote for Hamilton's plan to assume state debts?
most had huge debts they could never pay.
Did Southern states did not like Hamilton's plan to pay off the federal debt because they owed less for the cost of the American Revolution than Northern states?
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Hamilton wanted the Federal government to assume the war debts of the Second Continental Congress and also of the thirteen states?
Yes, Hamilton wanted the federal government to take on the war debt. He proposed a National Bank, which was met with opposition from many. Hamilton prevailed, and the First Bank of the United States was chartered in 1791.
What are Hamiltonians?
Hamiltonians were people who followed and supported the policies that Alexander Hamilton espoused on the fiscal affairs of the new union. Hamilton wanted a strong federal government relative to the states. Most importantly, though, Hamilton wanted the federal government to assume the debts that the various states had incurred in paying for the Revolutionary War. Some states had paid down much of their debts themselves and did not want the federal government to assume them. If it did, it would spread the cost of repayment of the entire debt among all of the states. This would have the effect of making some states pay for other states' debts. Hamilton had other fiscal ideas like having a national bank, which many states and people opposed. As it turned out, Hamilton's followers were diametrically opposed by Jefferson and Madison, sometimes referred to as Jeffersonians or Republicans.
What were Hamilton's first financial policies intended for?
Hamilton created the first financial policies with the intention that they would fund the national debt. He had hoped to accomplish a stronger federal government by having federal government assume the debts incurred by the nation and the states.
Hamilton's bank of the US?
Hamilton's bank of the united states
Was the American Revolution just?
The Declaration of Independence states precisely why the colonists regarded their actions as just. Anyone who thinks the revolution was unjust must refute those declarations with convincing reasons.
Why did the southern states vote for Hamilton's plan to assume state debts?
Hamilton's plan called for lots of federal government to be enacted. This would weeken their trading profits with Britain. Also, Hamilton called for tariffs on imports to protect the 'infant' factories in the north which brought in money for the Government but deeply hurt the southern states because they had to pay a much higher price for machinery.
Hamilton's national bank?
Hamilton supported the creation of the First Bank of the United States. Alexander Hamilton served as the 1st United States Secretary of the Treasury.
