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he made a national bank
Thomas Jefferson didn't approve of it because of strict interpretation-if it's not in the constitution, then you can't do it
Alexander Hamilton got it approve because of loose interpretation- finding loopholes to get things done--he used the part that said that if it is necessary, then it is fine (in the constitution)
What else can I help you with?
How did thomas view of the national debt differ from that of Alexander hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
Who was the leader of the opposition to Hamilton's plan to pay off the debts of the new nation?
James Madison!
What is a reason that some people did not like Alexander Hamiltons idea in 1790?
The reason that some people did not like Alexander Hamilton's idea in 1790 is because they were opposed of Hamilton's plan to pay off debts. Many war debts were already fulfilled in the South. The North was still obligated to pay their debt and Hamilton felt aiding in paying off this debt would be beneficial for the economy. The South however was opposed due to the fact they already contributed into paying off their debt.
Who proposed a plan in 1790 to pay off the nation's debt?
Alexander Hamilton
How did Alexander hamilton believe that foreign debts should be handled?
Alexander Hamilton believed that foreign debts should be honored and paid off in full to establish the United States' creditworthiness and strengthen its financial reputation. He argued that settling these debts would foster trust among foreign nations and investors, thereby promoting economic stability and attracting investment. Hamilton's approach was part of his broader financial plan, which aimed to lay a solid foundation for the nation's economy. He viewed the payment of debts as essential for building a strong and credible national government.
What is Alexander Hamilton's plan?
To pay off all war debts
As secretary of the treasury Alexander Hamilton was most noted for?
He was most noted for devising a plan to pay off the nation's debts.
How did thomas view of the national debt differ from that of Alexander hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
How did Jefferson's view of the national debt differ from that of Alexander Hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
What was Alexander Hamilton's role in the government?
Created a national bank. Came up with a financial plan to pay off war debts from the Revolutionary War.
What is an example of the opposition hamiltons plan faced?
One part of Alexander Hamilton's plan was to borrow new money at a lower interest rate. An example of the opposition he faced with his financial plan was with states claiming they should not be taxed since they had already paid off their debts.
How did thomas Jefferson view the national debt differ from that of Alexander hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
How did Thomas Jefferson's view of the national debt differ from that of Alexander Hamilton's?
Jefferson wanted to pay off debts; Hamilton did not.
How did Thomas Jefferson view of national debt differ from that of Alexander Hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
How did Thomas Jefferson's view of the national debt differ from that Alexander Hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
How did Thomas Jefferson's view of the national debt differ from that of Alexander Hamilton'?
Jefferson wanted to pay off debts; Hamilton did not.
How did thomas Jefferson view of the national debt differ from that of Alexander hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
